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September 21, 2016
 
China Whey Weekly: Prices rise amid high import costs despite light trade (week ended Sep 19, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.                              
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Sep 12
(RMB/tonne)

Price as of Sep 19
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,600

6,800

200

Tianjin

6,600

6,800

200

Chengdu

7,000

7,200

200

Guangzhou

6,600

6,800

200

Dalian

6,600

6,800

200

Beijing

7,000

7,200

200

Xiamen

6,600

6,800

200

High protein

Shanghai

7,600

7,800

200

Tianjin

7,600

7,800

200

Chengdu

7,600

7,800

200

Guangzhou

7,300

7,500

200

Dalian

7,600

7,800

200

Beijing

7,600

7,800

200

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 21)

 

Suppliers' quotes
 
In Europe, whey prices increased to the range of USD810-840/tonne.
 
Price quotes of US feed-grade whey remained at US$496-606/tonne.
 
 
Market analysis
 
Trade was limited during the period in review as China was on holiday last Thursday and Friday to celebrate Mid-Autumn Festival. Nonetheless, whey traders lifted prices as the import costs of the product continued to rise.
 
 
Market forecast
 
Whey prices are seen firm with the support of surging import costs. However, with demand sluggish amid low piglet inventories, the upward scope of the 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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