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MARKET

June 4, 2018
 
China Whey Weekly: Traders cut prices to entice buyers (week ended Jun 4, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.                          
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of May 28
(RMB/tonne)

Price as of Jun 4
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

5,700

5,600

-100

 

Tianjin

5,550

5,500

-50

 

Shandong

5,650

5,600

-50

 

Guangdong

5,800

5,800

0

 

Jiangsu

-

-

0

 

Beijing

6,300

6,000

-300

 

Inner Mongolia

-

-

0

High protein

Shanghai

7,500

7,500

0

 

Tianjin

7,100

6,900

-200

 

Shandong

8,000

-

0

 

Guangdong

7,500

7,500

0

 

Jiangsu

-

-

0

 

Beijing

8500

7,500

-1000

 

Inner Mongolia

-

-

0

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1558 (Jun 4)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey were in the range of US$331-485/tonne.
 
 
Market analysis
 
Demand for whey remained sluggish as feed producers were not keen to increase output while piglet feed sales were slow. Moreover, hog farmers limited purchases of feed to cut costs and minimise deficits.
 
In efforts to clear stock, several traders cut whey price during the week in review.
 
 
Market forecast
 
Whey market will remain under pressure with demand slack. However, traders will be cautious in cutting prices as prices of US products stayed firm while renminbi seems likely to slide further.
 

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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