September 20, 2017
China Whey Weekly: Market stabilises as buyers stay prudent (week ended Sep 18, 2017)
An eFeedLink Exclusive
Price summary
Prices were mostly stable.
|
Weekly port transaction prices of whey in China | ||||
|
Specification |
Port |
Price as of Sep 11 |
Price as of Sep 18 |
Price Changes |
|
Low protein |
Shanghai |
6,300 |
6,500 |
200 |
|
Tianjin |
6,300 |
6,300 |
0 | |
|
Chengdu |
6,800 |
6,800 |
0 | |
|
Guangzhou |
6,300 |
6,300 |
0 | |
|
Dalian |
6,300 |
6,300 |
0 | |
|
Beijing |
6,400 |
6,400 |
0 | |
|
Xiamen |
6,300 |
6,300 |
0 | |
|
High protein |
Shanghai |
9,500 |
9,500 |
0 |
|
Tianjin |
9,500 |
9,500 |
0 | |
|
Chengdu |
9,500 |
9,500 |
0 | |
|
Guangzhou |
10,000 |
10,000 |
0 | |
|
Dalian |
9,500 |
9,500 |
0 | |
|
Beijing |
9,500 |
9,500 |
0 | |
|
Xiamen |
- |
- |
- | |
| Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only. RMB1=US$0.1523 (Sep 20) | ||||
Suppliers' quotes
Price quotes of US feed-grade whey slid to the range of US$573-882/tonne.
In Europe, whey prices were lower in the range of EU670-700/tonne.
Market analysis
Demand for whey was stable but not exceptionally strong. Although piglet feed producers stocked inventories in preparation for early October's holidays, low piglet population and slow recovery of the hog market limited the sales of whey. Nonetheless, with supplies tight, traders stood firm despite falling import costs.
Market forecast
Buying interest is expected to weaken after feed millers have stocked sufficient inventories. Traders are likely to lower prices with import costs lower and demand waning.
|
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. |
