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Market Reports

August 7, 2018
 
China Whey Weekly: High import costs hold prices firm (week ended Aug 6, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable.                            
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Jul 23
(RMB/tonne)

Price as of Jul 30
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,600

6,600

0

 

Tianjin

6,500

6,500

0

 

Shandong

6,600

6,650

50

 

Guangdong

6,500

6,500

0

 

Jiangsu

-

-

-

 

Beijing

6,500

6,500

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

7,500

7,500

0

 

Tianjin

7,700

7,700

0

 

Shandong

-

-

-

 

Guangdong

7,500

7,500

0

 

Jiangsu

-

-

-

 

Beijing

8,500

8,500

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1463 (Aug 7)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey climbed to the range of US$441-683/tonne over the week.
 
 
Market analysis
 
Demand for whey showed little improvement as the hog market continued to underperform. Feed producers were not keen to increase purchases of whey, despite likely higher prices, with piglet feed sales poised to remain weak.
 
 
Market forecast
 
Whey prices are seen stable to higher as a weak renminbi results in high import cost, which is aggravated by a strengthening global commodities market. Even as sales stay weak, whey traders will stand firm on prices.
 

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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