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Market Reports

March 13, 2018
 
China Whey Weekly: Prices rebound on improved demand (week ended Mar 13, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.                        
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Mar 6
(RMB/tonne)

Price as of Mar 13
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

5,600

5,800

200

 

Tianjin

5,600

5,800

200

 

Chengdu

6,000

6,200

200

 

Guangzhou

5,600

5,800

200

 

Dalian

5,600

5,800

200

 

Beijing

5,600

5,800

200

 

Xiamen

5,600

5,800

200

High protein

Shanghai

8,500

8,500

0

 

Tianjin

8,500

8,500

0

 

Chengdu

8,000

8,000

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 (Mar 13)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey remained unchanged in the range of US$331-474/tonne.
 
In Europe, whey prices were stable to lower at EUR630-650/tonne.
 
 
Market analysis
 
Hog feed producers increased whey stockpiles of late, attracted by the low prices on the one hand, and afraid that the government might lift import taxes of US products on the other hand. Prices of whey rebounded as a result, recouping the previous week's losses.
 
 
Market forecast
 
Whey prices are expected to stay around current levels as import costs are unlikely to fall prominently at current low levels. Moreover, with soymeal prices surging drastically, feed producers will increase the inclusion rates of whey to lower output costs.
 

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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