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October 10, 2016

China Whey Weekly: Quiet market holds prices flat (week ended Oct 10, 2016)

An eFeedLink Exclusive
 

Price summary

Prices stayed unchanged.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Sep 27
(RMB/tonne)

Price as of Oct 9
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,000

7,000

0

Tianjin

7,000

7,000

0

Chengdu

7,300

7,300

0

Guangzhou

7,000

7,000

0

Dalian

7,000

7,000

0

Beijing

7,300

7,300

0

Xiamen

7,000

7,000

0

High protein

Shanghai

8,000

8,000

0

Tianjin

8,000

8,000

0

Chengdu

8,000

8,000

0

Guangzhou

7,700

7,700

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$0.1499 (Sep 29)
 

Suppliers' quotes

In Europe, whey prices were mainly in the range of US830-850/tonne.

Price quotes of US feed-grade whey were stable to higher at US$463-650/tonne.
 

Market analysis

Sales of whey were limited during the period in review due to the one-week holidays. Even after the long break, demand remained sluggish as most feed millers have not resumed operation.
 

Market forecast

The upward scope of China's whey market will be limited with piglet inventories staying low and the hog market weak. Although import costs are firm, traders will find it difficult to lift prices amid slack buying interest.
 

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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