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Market Reports

April 4, 2019
 
China Whey Weekly: Prices drop on slack demand (week ended Apr 1, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices slid further.                             
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Mar 25
(RMB/tonne)

Price as of
Apr 1
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,400

6,200

-200

 

Tianjin

6,600

6,300

-300

 

Shandong

6,300

6,100

-200

 

Guangdong

6,500

6,300

-200

 

Jiangsu

-

-

-

 

Beijing

6,500

6,200

-300

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,300

8,200

-100

 

Guangdong

8,300

8,300

0

 

Jiangsu

-

-

-

 

Beijing

8,200

8,200

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1489 (Apr 4)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey remained in the range of US$ 595-728/tonne.
 
 
Market analysis
 
Sales of whey stayed limited as piglet feed producers were not motivated to expand inventories amid poor sales. Traders continued to cut costs as the import costs of US whey products dropped substantially of late.
 
 
Market forecast
 
Whey prices should stabilise in the coming week. However, with demand for piglet feed showing no improvement, whey usages will stay low, exerting pressure on the 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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