September 29, 2011
China Whey Weekly: Market bullish on tight fundamentals (week ended Sep 26, 2011)
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Price summary
Prices were mostly higher.
|
Weekly port transaction prices of whey in China | ||||
|
Specification |
Port |
Price as of Sep 19 |
Price as of Sep 26 |
Price Changes |
|
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. | ||||
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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