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Market Reports

March 13, 2019
 
China Whey Weekly: Traders cut prices to attract buyers (week ended Mar 11, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.             
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Mar 4
(RMB/tonne)

Price as of
Mar 11
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,000

7,000

0

 

Tianjin

7,000

6,800

-200

 

Shandong

7,000

7,000

0

 

Guangdong

7,000

6,800

-200

 

Jiangsu

-

-

-

 

Beijing

7,200

7,200

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,300

8,300

0

 

Guangdong

8,300

8,300

0

 

Jiangsu

-

-

-

 

Beijing

8,300

8,300

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1491 (Mar 13)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey remained in the range of US$ 639-772/tonne.
 
 
Market analysis
 
Sow inventories shrank during February as piglet prices tumbled 40% since November 2017. With the demand for sow and piglet feed sluggish, sales of whey remained poor. Traders who were eager to clear stocks cut prices over the week.
 
 
Market forecast
 
With whey import costs lower, and the demand for sow and piglet feeds showing no signs of recovering, traders will cut prices in efforts to close deals. Nonetheless, overall whey sales are unlikely to improve tremendously as feed producers lose confidence in the hog market.
 

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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