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March 7, 2017
 
China Whey Weekly: Prices remain stable despite rising import costs (week ended Mar 6, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable.                                 
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Feb 28
(RMB/tonne)

Price as of Mar 6
(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$0.1449 (Mar 7)

 
 
Suppliers' quotes
 
In Europe, whey prices moved higher to the range of EUR860-880/tonne.
 
Price quotes of US feed-grade whey rose to the range of US$744-1,058/tonne, levels unseen since 2015 Q1.
 

Market analysis
 
Firm global whey prices lent support to China's market. However, with piglet feed production staying low, demand for whey remained sluggish, hence putting a lid on the prices despite surging import costs.
 
 
Market forecast
 
Domestic demand for whey will stay soft due to limited piglet population, exerting pressure on the market. Nonetheless, with the costs of US whey climbing, traders will stand firm on prices in the near term.
 

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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