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MARKET

June 19, 2017
 
China Whey Weekly: Prices stay flat despite stabilising hog market (week ended Jun 13, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained soft.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Jun 6
(RMB/tonne)

Price as of Jun 13
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,600

7,400

-200

Tianjin

7,600

7,400

-200

Chengdu

8,000

7,800

-200

Guangzhou

7,800

7,600

-200

Dalian

7,600

7,400

-200

Beijing

8,000

7,800

-200

Xiamen

7,600

7,400

-200

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$0.1468 (Jun 19)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey were stable to higher in the range of US$744-1,069/tonne.
 
In Europe, whey prices consolidated in the range of EUR935-970/tonne.
 
 
Market analysis
 
Even as hog market showed signs of stabilising of late, the demand for whey failed to pick up as the population of piglet and sow remained limited. Hence, whey traders held prices unchanged although the import costs of US whey moved higher.
 
 
Market forecast
 
Hog prices are likely to move higher from the current low levels in the coming period. Improved demand for feed, in conjunction with higher import costs, will lend support to the whey market. However, as feed millers stay cautious, the upward scope of whey market will be limited.
 
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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