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November 2, 2016
 
China Whey Weekly: Limited demand holds down prices (week ended Oct 31, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable.
 

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

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$0.1478 (Nov 2)

 

Suppliers' quotes
 
Price quotes of US feed-grade whey were higher in the range of US$485-661/tonne.
 
 
Market analysis
 
Import costs of whey increased as prices in the US increased while renminbi depreciated. However, prices remained unchanged in China as demand was slack amid low piglet inventories.
 
China imported 47,300 tonnes of whey during September, falling 3.7% compared with the previous month.
 
 
Market forecast
 
Whey market will likely stay stable. With piglet feed demand limited, whey traders will find it difficult to lift the prices despite higher import costs.
 
Remarks: Prices refer to port transaction prices of low-protein whey and are for reference only.
 

Remarks: Prices refer to port transaction prices of low-protein whey and are for reference only.

 


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