March 4, 2020
 
China Whey: Prices stable, buyers cautious (week ended Mar 2, 2020)
                                                      
An eFeedLink Exclusive
 

Price summary
 
Prices remained stable.                     
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Feb 24
(RMB/tonne)

Price as of
Mar 2
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

-

-

-

 

Tianjin

7800

7900

100

 

Shandong

5200

5200

0

 

Guangdong

7000

7000

0

 

Jiangsu

-

-

-

 

Beijing

6300

6300

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

8800

8800

0

 

Shandong

-

-

-

 

Guangdong

8800

8800

0

 

Jiangsu

-

-

-

 

Beijing

6900

6900

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1432 (Mar 4)

 

Suppliers' quotes
 
Price quotes of US feed-grade whey remained in the range of US$639-705/tonne.
 

Market analysis
 
Whey buyers were cautious with purchases as the outlook of China's economy remained bleak due to the Covid-19 epidemic, which have crushed the food and beverage sector. Traders were reluctant to cut prices with import costs staying high.
 

Market forecast
 
Prices of whey should stay firm in the near term with supplies limited and import costs high. However, the upward scope of the market is limited amid cautious mood.
 
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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