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December 13, 2011

China Whey Weekly: Market remains weak; global prices firm (week ended Dec 13, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Dec 5
(RMB/tonne)

Price as of Dec 13
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

11,500

11,000

-500

Tianjin

11,200

10,800

-400

Chengdu

12,000

11,800

-200

Guangzhou

10,800

10,500

-300

Dalian

12,000

11,700

-300

Beijing

11,500

11,000

-500

Xiamen

-

-

-

High protein

Shanghai

12,500

12,500

0

Tianjin

12,500

12,500

0

Chengdu

-

-

-

Guangzhou

12,500

12,500

0

Dalian

13,500

13,500

0

Beijing

13,500

13,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1= US$0.1578 (Dec 13)

 
 
Suppliers' quotes
 
Low-protein whey prices in the US rose to US$1,214/tonne.
 
 
Market analysis
 
Soft demand, along with traders' eagerness to liquidate stocks, sent low-protein whey prices lower over the week.
 
 
Market forecast
 
In the coming period, whey price declines are expected to slow as global market remains firm while pre-Lunar New Year restocking peak nears.
 

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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