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December 27, 2011
 
China Whey Weekly: Market regains some ground on firm global prices (week ended Dec 26, 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 19
(RMB/tonne)

Price as of Dec 26
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

10,500

10,000

-500

Tianjin

10,500

10,500

0

Chengdu

11,000

11,000

0

Guangzhou

10,300

10,300

0

Dalian

11,000

11,000

0

Beijing

10,500

10,500

0

Xiamen

-

-

-

High protein

Shanghai

12,500

11,500

-1,000

Tianjin

12,500

11,500

-1,000

Chengdu

-

-

-

Guangzhou

12,000

11,800

-200

Dalian

12,000

12,000

0

Beijing

12,000

11,500

-500

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 27)

 
 
Suppliers' quotes
 
Low-protein whey prices in the US remained stable at US$1,243/tonne. 
 
 
Market analysis
 
China's whey market regained some ground underpinned by firm global prices. However, with piglet feed sales continued to decline due to weak piglet replenishment, feed millers were reluctant to stock up more whey.
 
 
Market forecast
 
Pre-holiday restocking of whey is seen weaker than expected, limiting the scope for a price rebound in the coming weeks.
 

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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