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March 14, 2017
 
China Whey Weekly: Market firm despite sluggish demand (week ended Mar 13, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed unchanged.
 

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

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$0.1446 (Mar 14)

 

Suppliers' quotes
 
In Europe, whey prices remained firm at EUR860-880/tonne.
 
Price quotes of US feed-grade whey stayed in range of US$744-1,058/tonne.
 
 
Market analysis
 
Sales of whey remained flat due to low sow and piglet inventories in China. However, as  import costs of whey surged lately, partly due to high prices in the US and Europe and partly due to soaring freight charges, traders stood firm over the week.
 
 
Market forecast
 
Plat demand will continue to curtail the usages of whey in China. However, prices are unlikely to move lower as costs increase while traders limit imports.
 
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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