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MARKET

May 17, 2017
 
China Whey Weekly: Subdued demand holds prices flat (week ended May 16, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed flat.                                   
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of May 9
(RMB/tonne)

Price as of May 16
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,000

8,000

0

Tianjin

8,000

8,000

0

Chengdu

8,300

8,300

0

Guangzhou

8,100

8,100

0

Dalian

8,000

8,000

0

Beijing

8,200

8,200

0

Xiamen

8,000

8,000

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 (May 17)

 
 
Suppliers' quotes
 
In Europe, whey prices stayed at EUR864-890/tonne.
 
Price quotes of US feed-grade whey remained unchanged in the range of US$744-970/tonne.
 

Market analysis
 
Whey demand was slack as feed millers limited piglet feed production amid slow consumption. Additionally, hog prices continued to slide, showing no signs of stabilising from its relentless slide since January, shattering the confidence of both farmers and feed millers.
 
Nonetheless, whey traders stood firm to sustain paltry profit margins.
 
 
Market forecast
 
Whey demand will remain weak with piglet feed consumption slow. Prices are likely to fall further, albeit with limited downward scope.
 

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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