December 27, 2016
 
China Whey Weekly: Market lacks momentum amid sluggish demand (week ended Dec 26, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained flat.                              
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Nov 19
(RMB/tonne)

Price as of Nov 26
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,000

8,000

0

Tianjin

8,000

8,000

0

Chengdu

8,300

8,300

0

Guangzhou

8,000

8,000

0

Dalian

8,000

8,000

0

Beijing

8,000

8,000

0

Xiamen

8,000

8,000

0

High protein

Shanghai

8,500

8,500

0

Tianjin

8,500

8,500

0

Chengdu

8,500

8,500

0

Guangzhou

8,200

8,200

0

Dalian

8,400

8,400

0

Beijing

8,500

8,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1439 (Dec 27)

 
 
Suppliers' quotes
 
In Europe, whey prices were mainly at EUR820/tonne.
 
Price quotes of US feed-grade whey stayed in the range of US$595-821/tonne.

 
Market analysis
 
Sales of whey in China remained limited amid low piglet numbers. However, with import costs staying high, traders were reluctant to cut prices.
 
During November, China imported 45,700 tonnes of whey, surging 23% compared with the previous month.
 
 
Market forecast
 
With supplies ample and demand sluggish, prices of whey are less likely to rise prominently. However, should renminbi depreciate further, whey traders will lift prices in order to sustain profit margins.
 

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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