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Events

February 20, 2019
 
China Whey Weekly: Post-festive demand shows little improvement (week ended Feb 18, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mixed.                            
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Feb 4
(RMB/tonne)

Price as of
Feb 18
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,700

7,000

300

 

Tianjin

6,700

6,800

100

 

Shandong

6,700

6,800

100

 

Guangdong

6,700

6,900

200

 

Jiangsu

-

-

-

 

Beijing

6,700

6,700

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,500

8,300

-200

 

Guangdong

8,500

8,300

-200

 

Jiangsu

-

-

-

 

Beijing

8,500

8,300

-200

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1478 (Feb 20)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey were in the range of US$ 661-838/tonne.
 
 
Market analysis
 
Piglet feed sales were limited while animal population was low and farmers were cautious. Despite soft whey demand, traders lifted prices of low-protein products as renminbi depreciated lately.
 
Prices of high-protein whey products, which were relatively higher, slid amid slack demand.
 
 
Market forecast
 
The upward scope of whey market is limited as piglet feed consumption is poised to be slow. Moreover, as China is prepared to increase the volumes of US dairy products, buyers will withhold buying in anticipation of increased supplies of whey.
 

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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