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News Alert

October 17, 2017

China Whey Weekly: Post-festive market stagnant amid light trade (week ended Oct 16, 2017)

An eFeedLink Exclusive
 

Price summary

Prices remained flat.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Sep 29
(RMB/tonne)

Price as of Oct 16
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,500

6,500

0

Tianjin

6,300

6,300

0

Chengdu

6,800

6,800

0

Guangzhou

6,300

6,300

0

Dalian

6,300

6,300

0

Beijing

6,400

6,400

0

Xiamen

6,300

6,300

0

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$0.1505 (Oct 16)

 

Suppliers' quotes

Price quotes of US feed-grade whey were stable to lower in the range of US$397-772/tonne.

In Europe, whey prices slid to EUR622-660/tonne.
 
 
Market analysis

After a one week hiatus during early October, whey market resumed trading amid light trade. As piglet population stayed flat while sow numbers remained largely unchanged over the past four years, feed producers were not motivated to stockpile whey inventories.
 

Market forecast

With piglet feed consumption slack, whey demand is unlikely to improve during Q4. Traders are likely to cut prices to stimulate sales while import costs move lower.
 

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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