November 6, 2017
 
China Whey Weekly: Traders slash prices to entice buyers (week ended Nov 6, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices softened of late.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Oct 31
(RMB/tonne)

Price as of Nov 6
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,500

6,300

-200

Tianjin

6,300

6,100

-200

Chengdu

6,800

6,500

-300

Guangzhou

6,300

6,100

-200

Dalian

6,300

6,100

-200

Beijing

6,400

6,200

-200

Xiamen

6,300

6,100

-200

High protein

Shanghai

9,500

9,500

0

Tianjin

9,500

9,500

0

Chengdu

9,500

9,500

0

Guangzhou

10,000

9,500

-500

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$0.1507 (Nov 6)

 

Suppliers' quotes
 
Price quotes of US feed-grade whey dipped to the range of US$397-661/tonne.
 
 
Market analysis
 
Demand for whey remained slack as feed millers limited purchases with piglet feed slow and hog farming returns staying poor. As import costs of whey dropped of late, traders were more willing to negotiate prices.
 
On average, prices of low-protein whey fell by 3.3%.
 
Meanwhile, China imported 210,000 tonnes of whey during September, lower by almost 9% compared with August.
 
 
Market forecast
 
China whey traders will be in a better position to cut prices amid lower import costs. Prices are therefore expected to stay soft as traders attempt to entice buyers with demand staying sluggish.
 

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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