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May 30, 2018
 
China Whey Weekly: d\Demand remains slack, holds prices weak (week ended May 28, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly stable.                
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of May 21
(RMB/tonne)

Price as of May 28
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

5,700

5,700

0

 

Tianjin

5,600

5,550

-50

 

Shandong

5,650

5,650

0

 

Guangdong

5,800

5,800

0

 

Jiangsu

-

-

-

 

Beijing

6,300

6,300

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

7,500

7,500

0

 

Tianjin

7,100

7,100

0

 

Shandong

8,000

8,000

0

 

Guangdong

7,500

7,500

0

 

Jiangsu

-

-

-

 

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$0.1559 (May 30)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey remained in the range of US$331-485/tonne.
 
 
Market analysis
 
Prices of whey remained flat in most regions. However, traders were willing to give slight discounts on a case-by-case basis in efforts to clear stocks. Even so, demand remained slow amid low piglet population and weak hog prices.
 
 
Market forecast
 
Whey demand is poised to remain sluggish as hog farmers suffer losses. Prices of whey are likely to move lower, albeit to a limited extent, while traders attempt to move 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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