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Market Reports

February 13 2018

China Whey Weekly: Market stays soft amid flat demand (week ended Feb 12, 2018)

An eFeedLink Exclusive
 

Price summary

Prices remained unchanged.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Dec 25
(RMB/tonne)

Price as of Jan 4
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

5,800

6,000

-200

 

Tianjin

5,800

5,800

0

 

Chengdu

6,300

6,300

0

 

Guangzhou

5,800

5,800

0

 

Dalian

5,800

5,800

0

 

Beijing

5,800

5,800

0

 

Xiamen

5,800

5,800

0

High protein

Shanghai

8,500

8,500

0

 

Tianjin

8,500

8,500

0

 

Chengdu

8,500

8,500

0

 

Guangzhou

8,500

8,500

0

 

Dalian

8,500

8,500

0

 

Beijing

8,500

8,500

0

 

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1581 (Feb 13)

 

Suppliers' quotes

Price quotes of US feed-grade whey stayed in the range of US$331-507/tonne.

In Europe, whey prices remained at EUR610-630/tonne.
 

Market analysis

Low piglet feed consumption and a weakening hog market discouraged feed producers from stockpiling whey. Moreover, with the Chinese New Year holidays approaching, several feed mills halted operation during the week in review.
 
 
Market forecast

Whey demand will stay weak with piglet feed demand sluggish. After the long holidays, traders are likely to cut prices in efforts to move sales.
   

Remarks: Prices refer to port transaction prices of low-protein whey and are for reference only.

 

Remarks: Prices refer to CIF China price quotes (US-Dollar) of low-protein whey and are for reference only.

 


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