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May 16, 2018
 
China Whey Weekly: Market shows signs of weakening (week ended May 14, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.             
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of May 7
(RMB/tonne)

Price as of May 14
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

5,700

5,700

0

 

Tianjin

5,600

5,600

0

 

Shandong

5,600

5,650

0

 

Guangdong

6,000

5,800

-200

 

Jiangsu

-

-

0

 

Beijing

6,300

6,300

0

 

Inner Mongolia

-

-

0

High protein

Shanghai

8,000

7,500

-500

 

Tianjin

6,900

7,100

200

 

Shandong

8,000

8,000

0

 

Guangdong

8,200

7,500

-700

 

Jiangsu

-

-

0

 

Beijing

8500

8500

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1570 (May 16)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey dipped to the range of US$386-485/tonne.
 
 
Market analysis
 
Whey market was under pressure as feed millers were reluctant to make purchases with piglet feed demand slack and hog prices hitting eight-year lows. In some regions, traders slashed prices prominently in a bid to clear stocks, although whey market remained stable in most parts of China.
 
 
Market forecast
 
With hog prices approaching historic low levels, sales of piglet feed and hence whey will be sluggish. Competing to move sales, traders are expected to cut prices while the import costs of US products move lower.
 

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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