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August 17, 2016
 
China Whey Weekly: Prices stabilise amid soaring import costs (week ended Aug 15, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly unchanged.           
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Aug 8
(RMB/tonne)

Price as of Aug 15
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,800

6,800

0

Tianjin

6,800

6,800

0

Chengdu

7,300

7,200

-100

Guangzhou

6,800

6,800

0

Dalian

6,800

6,800

0

Beijing

7,300

7,200

-100

Xiamen

6,800

6,800

0

High protein

Shanghai

8,000

8,000

0

Tianjin

8,000

8,000

0

Chengdu

8,000

8,000

0

Guangzhou

7,500

7,500

0

Dalian

8,000

8,000

0

Beijing

8,000

8,000

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1509 (Aug 17)

 
 
Suppliers’ quotes
 
In Europe, whey prices continued to surge, reaching USD667-740/tonne.
 
Price quotes of US feed-grade whey were stable at US$562/tonne.
 
 
Market analysis
 
Limited piglet population continued to hamper the sales of whey as sow inventories remained flat. However, whey traders held prices stable as import costs have increased prominently lately.
 
 
Market forecast
 
Although the quantity of piglet is poised to remain low in the near term, prices of whey are less likely to fall further. Soaring prices of whey in Europe will lend support to China’s market, prompting traders to uphold prices to sustain profitability.
 

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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