October 25, 2017
China Whey Weekly: Delayed shipments help to underpin prices (week ended Oct 24, 2017)
An eFeedLink Exclusive
Price summary
Prices were unchanged.
|
Weekly port transaction prices of whey in China | ||||
|
Specification |
Port |
Price as of Oct 16 |
Price as of Oct 24 |
Price Changes |
|
Low protein |
Shanghai |
6,500 |
6,500 |
0 |
|
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. | ||||
Price quotes of US feed-grade whey slid to the range of US$397-705/tonne.
Market analysis
Whey market was quiet as feed producers limited purchases while piglet feed consumption was slow. Prices of whey remained stable, however, as imports from the US were delayed.
Market forecast
Sluggish piglet feed demand will continue to hamper the sales of whey in China. Traders will be under pressure to give discounts although low profit margins will limit the fall in prices.
|
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. |
