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October 19, 2016
 
China Whey Weekly: Traders hold prices firm despite cautious buying mood (week ended Oct 17, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed unchanged.                     
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Oct 9
(RMB/tonne)

Price as of Oct 17
(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$0.1483 (Oct 19)

 
 
Suppliers' quotes
 
In Europe, whey prices were stable in the range of US830-850/tonne.
 
Price quotes of US feed-grade whey remained unchanged in the range of US$463-650/tonne.
 
 
Market analysis
 
Feed millers were prudent as the inventories of sow shrank during September against expectations. In view of low piglet population, feed millers withheld the buying of whey. However, as import costs stayed firm traders held prices unchanged to sustain profitability.
 
 
Market forecast
 
The prices of hog in the US have dropped a whopping 32% during Q3. This will in turn limit hog production, hence exerting pressure on whey prices.
 
With import prices set to stay weak and the domestic demand for piglet feed limited, whey prices are projected to slide further in China.
 

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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