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ebruary 14, 2017

China Whey Weekly: Traders lift prices to cover rising costs (week ended Feb 14, 2017)
 
An eFeedLink Exclusive
 
   
Price summary
 
Prices moved higher.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Feb 7
(RMB/tonne)

Price as of Feb 14
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,000

8,200

200

Tianjin

8,000

8,200

200

Chengdu

8,300

8,500

200

Guangzhou

8,000

8,200

200

Dalian

8,000

8,200

200

Beijing

8,000

8,200

200

Xiamen

8,000

8,200

200

High protein

Shanghai

8,500

9,000

500

Tianjin

8,500

9,000

500

Chengdu

8,500

9,000

500

Guangzhou

8,200

9,000

800

Dalian

8,400

9,000

600

Beijing

8,500

9,000

500

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1455 (Feb 14)

 
Suppliers' quotes
 
In Europe, whey prices were in the range of EUR840-850/tonne.
 
Price quotes of US feed-grade whey rose further to the range of US$860-981/tonne.
 
 
Market analysis
 
Demand for whey remained slow in China as the population of sow and piglet stayed low. Nonetheless, traders lifted prices of whey while import costs continued to strengthen in the US and Europe.
 
 
Market forecast
 
With piglet inventories limited, the sales of whey will be slow in China. Feed millers will not be eager to accumulate stocks despite the recent price hike. Unless import costs surge further, China's whey prices are expected to stay around current levels as buyers and sellers are engaged in a tug-of-war.
 

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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