eFeedLink - China Whey Weekly: Market remains stable despite low demand (week ended Jan 24, 2014)

January 27, 2014

China Whey Weekly: Market remains stable despite low demand (week ended Jan 24, 2014)

An eFeedLink Exclusive

Price summary

Prices were stable.

Weekly port transaction prices of whey in China
Specification	Port	Price as of Jan 17 (RMB/tonne)	Price as of Jan 24 (RMB/tonne)	Price Changes (RMB/tonne)
Low protein	Shanghai	7,500	7,500	0
	Tianjin	7,500	7,500	0
	Chengdu	7,700	7,700	0
	Guangzhou	7,500	7,500	0
	Dalian	7,400	7,400	0
	Beijing	7,600	7,600	0
	Xiamen	7,500	7,500	0
High protein	Shanghai	10,700	10,700	0
	Tianjin	11,000	11,000	0
	Chengdu	-	-	-
	Guangzhou	10,700	10,700	0
	Dalian	11,000	11,000	0
	Beijing	11,000	11,000	0
	Xiamen	-	-	-
Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only. RMB1=US$0.1654 (Jan 27)

Suppliers' quotes

US whey market remained stable with FOB prices of feed-grade whey staying at US$957/tonne to US$1,210/tonne.

Market analysis

Prices of piglets and hogs continued to fall in recent weeks, pushing down the demand for feed while casting a pall over the prospect of the whey market. However, with the support of strong US whey prices and tight supplies, China whey market remained stable.

Market forecast

With the feed inventory expansion slowing and piglet market flagging, China whey prices are expected to stay weak in the short term.

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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