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Market Reports

October 2, 2018
 
China Whey Weekly: Prices rally amid soaring import costs (week ended Sep 30, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices rose prominently.                   
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Sep 24
(RMB/tonne)

Price as of Sep 30
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,600

7,850

1,250

 

Tianjin

6,500

7,850

1,350

 

Shandong

6,700

7,850

1,150

 

Guangdong

6,600

7,850

1,250

 

Jiangsu

-

-

-

 

Beijing

6,500

7,850

1,350

 

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

8,700

200

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1456 (Oct 2)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey moved to the range of US$584-904/tonne.
 
 
Market analysis
 
Prices of US whey products surged lately by over 15%, lifting China's import costs tremendously in conjunction with high tariffs. Consequently, whey traders lifted price quotes sharply to cover soaring costs even though demand was soft due to low piglet feed demand.
 
 
Market forecast
 
Supplies of whey in China are tight as imports from the US plunge due to the trade war. With import costs staying high, whey traders will stand firm to sustain profit margins. However, sales are poised to be low as hog feed farmers tread prudently.
 

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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