Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

September 14, 2016
 
China Whey Weekly: Soaring import costs fail to lift prices (week ended Sep 12, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained unchanged.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Sep 5
(RMB/tonne)

Price as of Sep 12
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,600

6,600

0

Tianjin

6,600

6,600

0

Chengdu

7,000

7,000

0

Guangzhou

6,600

6,600

0

Dalian

6,600

6,600

0

Beijing

7,000

7,000

0

Xiamen

6,600

6,600

0

High protein

Shanghai

7,600

7,600

0

Tianjin

7,600

7,600

0

Chengdu

7,600

7,600

0

Guangzhou

7,300

7,300

0

Dalian

7,600

7,600

0

Beijing

7,600

7,600

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1499 (Sep 14)

 
 
Suppliers' quotes
 
In Europe, whey prices rose further to the range of USD780-830/tonne.
 
Price quotes of US feed-grade whey were at US$496-606/tonne.
 
 
Market analysis
 
Traders were tempted to increase prices as the import costs of whey continued to rise globally. Additionally, imports to China were disrupted due to the bankruptcy of Korea's largest shipper Hanjin Shipping. Nonetheless, whey prices stayed stable as overall sales was not exceptionally strong with piglet population low.
 
 
Market forecast
 
Trade volume is unlikely to be high in the shortened upcoming week, due to the Mid-Autumn Festival holidays. However, with import costs surging, whey traders will stand firm in a bid to sustain profits.
 
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.

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read