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February 21, 2017
 
China Whey Weekly: Prices stabilise amid slow demand (week ended Feb 21, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed unchanged.                     
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Feb 14
(RMB/tonne)

Price as of Feb 21
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,200

8,200

0

Tianjin

8,200

8,200

0

Chengdu

8,500

8,500

0

Guangzhou

8,200

8,200

0

Dalian

8,200

8,200

0

Beijing

8,200

8,200

0

Xiamen

8,200

8,200

0

High protein

Shanghai

9,000

9,000

0

Tianjin

9,000

9,000

0

Chengdu

9,000

9,000

0

Guangzhou

9,000

9,000

0

Dalian

9,000

9,000

0

Beijing

9,000

9,000

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1453 (Feb 21)

 
 
Suppliers' quotes
 
In Europe, whey prices strengthened to the range of EUR840-870/tonne.
 
Price quotes of US feed-grade whey were in the range of US$744-981/tonne.
 

Market analysis
 
As the costs of US whey products were stable to lower, prices remained stable in China.
 
With piglet inventories staying low, usages of the product were limited. Additionally, feed millers kept inventories low, preferring to make purchases as and when required.
 
 
Market forecast
 
China's whey demand is poised to remain slow due to limited piglet numbers. Prices will move higher only if import costs surge by a lot, hence compelling traders to lift prices to sustain profits.
 

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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