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April 5, 2017
 
China Whey Weekly: Traders stand firm amid paltry profits (week ended Apr 3, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained unchanged.    
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Mar 2
(RMB/tonne)

Price as of Apr 3
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,200

8,200

0

Tianjin

8,100

8,100

0

Chengdu

8,500

8,500

0

Guangzhou

8,300

8,300

0

Dalian

8,200

8,200

0

Beijing

8,300

8,300

0

Xiamen

8,300

8,300

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$0.1452 (Apr 5)

 
            
Suppliers' quotes
 
In Europe, whey prices were stable to lower EUR850-880/tonne.
 
Price quotes of US feed-grade whey slid to the range of US$744-992/tonne.
 
 
Market analysis
 
Demand for whey showed little improvement as hog feed producers limited piglet feed production in view of slow consumption. However, whey traders, who were seeing high freight charges and paltry profit margins, were reluctant to lower prices.
 
 
Market forecast
 
As prices of whey in the US and Europe show signs of weakening, Chinese importers should hold prices down amid demand slack. Should fright costs soften substantially from one-year high levels, hence helping to lower import costs, whey traders are likely to cut prices in a bid to stimulate sales.
 
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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