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China

December 28, 2017

China Whey Weekly: Quiet market holds prices flat (week ended Dec 25, 2017)

An eFeedLink Exclusive
 

Price summary

Prices were unchanged.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Dec 18
(RMB/tonne)

Price as of Dec 25
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,000

6,000

0

Tianjin

5,800

5,800

0

Chengdu

6,300

6,300

0

Guangzhou

5,800

5,800

0

Dalian

5,800

5,800

0

Beijing

5,800

5,800

0

Xiamen

5,800

5,800

0

High protein

Shanghai

8,500

8,500

0

Tianjin

8,500

8,500

0

Chengdu

8,500

8,500

0

Guangzhou

8,500

8,500

0

Dalian

8,500

8,500

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$0.1529 (Dec 28)

 
 
Suppliers' quotes

Price quotes of US feed-grade whey were in the range of US$331-551/tonne.

In Europe, whey prices stayed remained in the range of EUR550-590/tonne.
 

Market analysis

Global dairy markets remained weak as prices of products slid in the recent auctions. With import costs of whey remaining low, Chinese traders held down prices in attempts to entice buyers. However, demand was sluggish with piglet inventories staying flat.
 
 
Market forecast

Whey market is expected to remain soft amid lacklustre piglet feed sales. Low import expenses will help traders to keep prices low in efforts to promote sales.
 

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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