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MARKET

December 6, 2018
 
China Whey Weekly: Market weakens under slack demand (week ended Dec 3, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed soft.                             
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Nov 26
(RMB/tonne)

Price as of Dec 3
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,900

7,800

-100

 

Tianjin

8,000

7,900

-100

 

Shandong

8,000

7,800

-200

 

Guangdong

7,900

7,800

-100

 

Jiangsu

-

-

-

 

Beijing

8,100

7,900

-200

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,700

8,700

0

 

Guangdong

8,700

8,700

0

 

Jiangsu

-

-

-

 

Beijing

8,700

8,700

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1458 (Dec 6)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey were stable  in the range of US$ 661-783/tonne as supplies dwindled amid lower cheese production.
 
 
Market analysis
 
Demand for whey remained sluggish while the hog market continued to be plagued by disease outbreaks and the piglet quantity stayed low. Hence, even as imports decreased while import costs increased, whey prices continued to slide under tepid sales.
 
 
Market forecast
 
Demand for whey is unlikely to improve in the coming period with piglet production rates usually low during winter and the outlook of the hog sector bleak. With the renminbi appreciating, hence helping to mitigate the rise in US whey costs, prices are seen stable to lower.
 
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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