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Livestock & Feed Market

December 6, 2017

China Whey Weekly: Poor demand, low import costs drag down prices (week ended Nov 27, 2017)

An eFeedLink Exclusive
 

Price summary

Prices moved lower. 
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Nov 20
(RMB/tonne)

Price as of Nov 27
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,300

6,200

-100

Tianjin

6,000

5,900

-100

Chengdu

6,500

6,300

-200

Guangzhou

6,000

5,900

-100

Dalian

6,000

5,900

-100

Beijing

6,200

6,200

0

Xiamen

6,000

5,900

-100

High protein

Shanghai

9,500

8,500

-1000

Tianjin

9,500

8,500

-1000

Chengdu

9,500

8,500

-1000

Guangzhou

9,500

8,500

-1000

Dalian

9,500

8,500

-1000

Beijing

9,500

8,500

-1000

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1514 (Nov 28)

 

Suppliers' quotes

Price quotes of US feed-grade whey slid to the range of US$397-551/tonne.

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

Market analysis

Supplies of whey decreased in China as October's imports dwindled to 38,197 tonnes, plunging 12% compared with September. However, with demand slack amid slow piglet feed production, and import costs of US whey products falling, whey prices dipped further over the week.
 

Market forecast

Whey prices will be under pressure amid weak demand. Additionally, with whey import costs low, traders will be more willing to negotiate prices to stimulate sales.
 

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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