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MARKET

September 12, 2017
 
China Whey Weekly: Improved demand perks up prices (week ended Sep 11, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.                              
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Sep 4
(RMB/tonne)

Price as of Sep 11
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,100

6,300

200

Tianjin

6,100

6,300

200

Chengdu

6,500

6,800

300

Guangzhou

6,100

6,300

200

Dalian

6,100

6,300

200

Beijing

6,300

6,400

100

Xiamen

6,100

6,300

200

High protein

Shanghai

9,500

9,500

0

Tianjin

9,500

9,500

0

Chengdu

9,500

9,500

0

Guangzhou

10,000

10,000

0

Dalian

9,500

9,500

0

Beijing

9,500

9,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1528 (Sep 12)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey were stable to lower in the range of US$573-992/tonne.
 
 
Market analysis
 
Sales of whey increased as end-users started to build inventories in preparation for the long holidays in early October. Hence, even as import costs of whey were lower due to a strong renminbi and decreased US whey prices, China's whey market firmed up over the week.
 
 
Market forecast
 
Stable demand will help to underpin whey prices in the coming weeks. However, sharp hikes in prices are less likely with buyers treading prudently and piglet inventories staying flat.
 

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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