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December 21, 2016


China Whey Weekly: Cautious mood holds down prices (week ended Dec 19, 2016)


An eFeedLink Exclusive

 


Price summary


Prices stayed stable.

 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Dec 12
(RMB/tonne)

Price as of Dec 19
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,000

8,000

0

Tianjin

8,000

8,000

0

Chengdu

8,200

8,300

100

Guangzhou

8,000

8,000

0

Dalian

8,000

8,000

0

Beijing

8,000

8,000

0

Xiamen

8,000

8,000

0

High protein

Shanghai

8,500

8,500

0

Tianjin

8,500

8,500

0

Chengdu

8,500

8,500

0

Guangzhou

8,200

8,200

0

Dalian

8,400

8,400

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$0.1439 (Dec 21)

 


Suppliers' quotes


In Europe, whey prices were stable to higher in the range of EUR800-820/tonne.


Price quotes of US feed-grade whey were unchanged in the range of US$595-821/tonne.

 


Market analysis


Although the prices of whey remained stable in the US, import costs rose as renminbi continued to weaken. However, with demand for piglet feed flat and feed millers reluctant to increase buying, whey traders found it difficult to lift prices.

 


Market forecast


Whey market will stay firm with import costs staying high. However, low piglet numbers and cautious buying mood will limit the upward scope of whey 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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