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November 1, 2011
 
China Whey Weekly: Market rally stalls on import surge, weaker demand (week ended Oct 31, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Oct 24
(RMB/tonne)

Price as of Oct 31
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

13,000

13,000

0

Tianjin

14,000

14,000

0

Chengdu

14,000

14,000

0

Guangzhou

14,000

14,000

0

Dalian

14,000

14,000

0

Beijing

14,000

14,000

0

Xiamen

-

-

-

High protein

Shanghai

14,000

14,000

0

Tianjin

13,500

13,500

0

Chengdu

-

-

-

Guangzhou

14,000

14,000

0

Dalian

14,500

14,500

0

Beijing

14,500

14,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1= US$0.1572 (Nov 1)

 
 
Suppliers' quotes
 
Low-protein whey prices in the US rose to US$1,190/tonnes over the week.
 
 
Market analysis
 
A marked increase in whey imports from the Europe suppressed the upward momentum of China's whey prices.
 
In addition, shrinking hog profit margins in recent weeks hampered farmers' replenishment interest, hurting piglet feed sales and in turn, demand for whey.
 
 
Market forecast
 
Whey prices are likely to correct down in the week ahead.
 

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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