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MARKET

December 6, 2017

China Whey Weekly: Market stabilises; demand stays soft (week ended Dec 4, 2017)

An eFeedLink Exclusive
 

Price summary

Prices remained unchanged.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Nov 27
(RMB/tonne)

Price as of Dec 4
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,200

6,200

0

Tianjin

5,900

5,900

0

Chengdu

6,300

6,300

0

Guangzhou

5,900

5,900

0

Dalian

5,900

5,900

0

Beijing

6,200

6,200

0

Xiamen

5,900

5,900

0

High protein

Shanghai

8,500

8,500

0

Tianjin

8,500

8,500

0

Chengdu

8,500

8,500

0

Guangzhou

8,500

8,500

0

Dalian

8,500

8,500

0

Beijing

8,500

8,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1511 (Dec 5)

 
 
Suppliers' quotes

Price quotes of US feed-grade whey stayed flat in the range of US$397-551/tonne.

In Europe, whey prices remained in the range of EUR550-580/tonne.
 

Market analysis

Whey traders held prices stable after the recent weeks' prominent fall. Demand for whey remained sluggish as piglet feed sales were slow, hampering the production of the product.
 

Market forecast

Demand for whey is unlikely to pick up in China due to low piglet and sow population. Whey traders will be willing to negotiate prices in efforts to clear inventories.
 

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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