December 17, 2016
China Whey Weekly: Traders lift prices amid surging import costs (week ended Dec 12, 2016)
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Price summary
Prices rose significantly.
|
Weekly port transaction prices of whey in China | ||||
|
Specification |
Port |
Price as of Dec 5 |
Price as of Dec 12 |
Price Changes |
|
Low protein |
Shanghai |
7,600 |
8,000 |
400 |
|
Tianjin |
7,600 |
8,000 |
400 | |
|
Chengdu |
7,900 |
8,200 |
300 | |
|
Guangzhou |
7,700 |
8,000 |
300 | |
|
Dalian |
7,600 |
8,000 |
400 | |
|
Beijing |
7,800 |
8,000 |
200 | |
|
Xiamen |
7,600 |
8,000 |
200 | |
|
High protein |
Shanghai |
8,200 |
8,500 |
200 |
|
Tianjin |
8,200 |
8,500 |
200 | |
|
Chengdu |
8,200 |
8,500 |
200 | |
|
Guangzhou |
8,200 |
8,200 |
200 | |
|
Dalian |
8,200 |
8,400 |
200 | |
|
Beijing |
8,300 |
8,500 |
300 | |
|
Xiamen |
- |
- |
- | |
|
Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only. | ||||
Suppliers' quotes
In Europe, whey prices increased to the range of US800-810/tonne.
Price quotes of US feed-grade whey climbed to the range of US$595-821/tonne.
Market analysis
Whey prices surged in the US amid strong demand while hog inventories were at record highs. With renminbi weaker, the import costs of whey increased substantially, prompting traders to lift prices to sustain profit margins.
Market forecast
Whey market will stay firm with demand for hog feed expanding due to the approaching of Chinese New Year. Moreover, the costs of whey imports are likely to rise further due to strong demand in the US and a depreciating renminbi.
|
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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