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MARKET

November 7, 2018

China Whey Weekly: Market softens despite high import costs (week ended Nov 5, 2018)

An eFeedLink Exclusive
 

Price summary

Prices softened lately. 
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Oct 29
(RMB/tonne)

Price as of
Nov 5
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,500

8,300

-200

 

Tianjin

8,300

8,300

0

 

Shandong

8,400

8,300

-100

 

Guangdong

8,400

8,300

-100

 

Jiangsu

-

-

-

 

Beijing

8,300

8,300

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,800

8,800

0

 

Guangdong

8,800

8,800

0

 

Jiangsu

-

-

-

 

Beijing

8,800

8,800

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1446 (Nov 7)

 

Suppliers' quotes

Price quotes of US feed-grade whey were in the range of US$573-926/tonne.
 

Market analysis

Demand for whey showed little improvement as the sales of piglet feed remained sluggish. With the outlook of the hog sector uncertain due to the outbreak of African swine disease and the population of sow and piglet low, wary feed producers continued to hold low inventories of whey. Hence even as the import costs of US whey products remained high, traders negotiated prices in efforts to entice buyers.
 

Market forecast

The demand for whey is set to remain slow as feed producers tread prudently. Prices are likely to move lower as traders attempt to clear stocks.
 

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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