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China

December 19, 2018
 
China Whey Weekly: High prices dampen buying interest (week ended Dec 17, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed unchanged.                 
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Dec 10
(RMB/tonne)

Price as of Dec 17
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,800

7,800

0

 

Tianjin

7,800

7,800

0

 

Shandong

7,800

7,800

0

 

Guangdong

8,200

8,200

0

 

Jiangsu

-

-

-

 

Beijing

7,800

7,800

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,800

8,800

0

 

Guangdong

8,800

8,800

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$0.1450 (Dec 19)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey remained stable in the range of US$ 661-783/tonne.
 
 
Market analysis
 
Trade was light as buying interest for whey, which was already weak, slackened further following the recent week's rise. With the hog disease situation severe and the piglet population low, feed producers were not motivated to place orders. Nonetheless, traders stood firm while the costs of US products remained high.
 
 
Market forecast
 
Slow demand will continue to hamper the sales of whey. However, with imported whey costly, traders will be cautious in cutting prices.
 

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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