September 29, 2011
 
China Whey Weekly: Market bullish on tight fundamentals (week ended Sep 26, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly higher.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Sep 19
(RMB/tonne)

Price as of Sep 26
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

10,200

10,500

300

Tianjin

10,000

10,500

500

Chengdu

10,600

11,000

500

Guangzhou

10,200

11,200

1,000

Dalian

10,200

10,500

300

Beijing

10,200

10,500

300

Xiamen

-

-

-

High protein

Shanghai

12,500

13,000

500

Tianjin

12,500

12,500

0

Chengdu

-

-

-

Guangzhou

12,000

12,000

0

Dalian

12,500

12,500

0

Beijing

13,500

13,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1= US$0.1562 (Sep 29)

 
 
Suppliers' quotes
 
Low-protein whey prices in the US were stable at US$1,110/tonne over the week.
 
 
Market analysis
 
Whey prices continued to soar amid bullish holiday demand and domestic supply crunch, the latter compounded by a delay in import shipment arrivals and lower US whey production.
 
 
Market forecast
 
Whey market is expected to maintain strong momentum in the week ahead.
 

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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