August 2, 2016
 
China Whey Weekly: Prices flat despite rising import costs (week ended Aug 1, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed unchanged.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Jul 25
(RMB/tonne)

Price as of Jul 1
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,100

7,100

0

Tianjin

7,200

7,200

0

Chengdu

7,500

7,500

0

Guangzhou

7,200

7,200

0

Dalian

7,200

7,200

0

Beijing

7,400

7,400

0

Xiamen

7,200

7,200

0

High protein

Shanghai

8,000

8,000

0

Tianjin

8,000

8,000

0

Chengdu

8,000

8,000

0

Guangzhou

7,500

7,500

0

Dalian

8,000

8,000

0

Beijing

8,000

8,000

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1505 (Aug 2)

 

Suppliers' quotes
 
In Europe, whey prices increased to the range of USD550-650/tonne, rising more than 10% in both Germany and France.
 
 
Market analysis
 
Export demand improved but domestic sales of whey remained slow with piglet inventories limited. Moreover, with hog market staying soft, hog farmers were prudent in stockpiling feed inventories. Prices of whey remained fat as a result even as import costs increased of late.
 
In June, China imported 44,000 tonnes of whey, of which about 22,000-24,000 tonnes are feed-grade products according to customs statistics.
 
 
Market forecast
 
Hog feed demand should improve towards mid-August albeit at a slow pace. This, together with rising prices in the global markets, will lend support to China's whey market.
 
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.

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.