March 22, 2017
China Whey Weekly: Market shows signs of strengthening (week ended Mar 20, 2017)
An eFeedLink Exclusive
Price summary
Prices were stable to higher.
|
Weekly port transaction prices of whey in China | ||||
|
Specification |
Port |
Price as of Mar 13 |
Price as of Mar 20 |
Price Changes |
|
Low protein |
Shanghai |
8,200 |
8,200 |
0 |
|
Tianjin |
8,200 |
8,200 |
0 | |
|
Chengdu |
8,500 |
8,500 |
0 | |
|
Guangzhou |
8,200 |
8,300 |
100 | |
|
Dalian |
8,200 |
8,200 |
0 | |
|
Beijing |
8,200 |
8,300 |
100 | |
|
Xiamen |
8,200 |
8,300 |
100 | |
|
High protein |
Shanghai |
9,000 |
9,000 |
0 |
|
Tianjin |
9,000 |
9,000 |
0 | |
|
Chengdu |
9,000 |
9,000 |
0 | |
|
Guangzhou |
9,000 |
9,000 |
0 | |
|
Dalian |
9,000 |
9,000 |
0 | |
|
Beijing |
9,000 |
9,000 |
0 | |
|
Xiamen |
- |
- |
- | |
|
Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only. | ||||
Suppliers' quotes
In Europe, whey prices stayed EUR860-880/tonne.
Price quotes of US feed-grade whey were unchanged in range of US$744-1,058/tonne.
Market analysis
Prices of whey remained stable in the US and Europe. Nevertheless, long term import costs for Chinese traders increased due to the sharp rise in Baltic Dry Index, which drove up the shipping expenses.
Demand for whey improved as feed millers accumulated inventories amid concerns that prices might surge due to rising import costs.
Several traders who had cleared excess stocks lately lifted prices moderately.
Market forecast
More traders will attempt to lift prices after clearing excess stocks. Whey market is expected to move higher although low sow and piglet numbers will limit the price hikes of the product.
|
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. |
