October 19, 2011 
 
China Whey Weekly: Market remains firm (week ended Oct 17, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to higher.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Oct 10
(RMB/tonne)

Price as of Oct 17
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

13,000

13,000

0

Tianjin

12,500

13,000

500

Chengdu

13,000

13,500

500

Guangzhou

13,000

13,500

500

Dalian

13,000

13,000

0

Beijing

13,000

13,000

0

Xiamen

-

-

-

High protein

Shanghai

13,000

13,500

500

Tianjin

12,500

13,500

1,000

Chengdu

-

-

-

Guangzhou

13,000

14,000

1,000

Dalian

13,500

13,500

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$0.1567 (Oct 19)

 
 
Suppliers' quotes
 
Low-protein whey prices in the US rose to US$1,115/tonne over the week.
 
 
Market analysis
 
Tight port stocks due to persistent delays in import arrivals, along with strong demand triggered by concerns over soaring whey prices, continued to strengthen the market.
 
 
Market forecast
 
Near-term whey prices in China are set to stand firm amid tight fundamentals. 

 

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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