The auction rose by 4.3%, the average price rose to 4207 US dollars; the transaction volume was 29915 tons, and the basic volume of transactions increased by 7%; except for buttermilk powder, all other varieties rose, and cheda rose amazingly; 184 households participated in the auction, and the popularity increased slightly.
Average increase or decrease of each symbol:
In this auction, anhydrous cream rose 4.2% at $6384/ton; butter at $5,350/ton, up 4.7%; cheddar cheese at $5,058/ton, up 14.1%; lactose at $1,272/ton, up 1.6%; skimmed milk powder at $3,627/ton, up 6.6%; and whole milk powder at $3,921/ton, up 2.7%.
Auction results of major varieties
November 2 Tender Results: December 2021 to May 2022 Shipments:
None of the major varieties fell, showing the enthusiasm for the future in the context of global inflation.
Comparison of the arrival cost of the main varieties in the future with the spot cost (yuan/ton, exchange rate 6.47):
Judging from the auction price, milk fat achieved better profits, while milk powder is estimated to have upward momentum in spot.
After-hours reviews of major varieties
The temperature in east and south China continues to be high, and the peak of milk production has not yet arrived; the temperature in eastern Inner Mongolia has dropped rapidly, and milk prices have risen slightly.
Entering the traditional epidemic season, cases occur frequently in various places, which is expected to still have a negative impact on food and beverage travel.
Various types of protein continue to be tight, and the prices of various origins are firm.
Spot prices of skimmed milk powder have risen slightly, and it is expected that there will still be upside in the second half of the month.
The spot price of whole milk powder tentatively attacked, but the increase was not large, considering the large number of traps above, 33000 may be an important resistance.
Unsalted butter and anhydrous cream continued to strengthen, with domestic use of peak season plus limited supply of mainstream brand Anjia as the main factors.
The cheese varieties have been mixed, but cream cheese is still rampant and the Cheda and Masu markets have improved; retail remastered cheese sales have improved.
Due to the trend of whole milk powder, the focus of market attention mainly shifted to skimmed milk powder, on the one hand, the domestic spot price is still rising slowly and the futures price is upside down, on the other hand, foreign factories continue to raise prices and superimpose the shipping schedule late, making the market supply in the coming year full of uncertainty. However, under the premise of a slight loosening of the price of skimmed milk powder in the recent futures in Europe and the United States, the supply next year will gradually be abundant with high oil prices, so it is recommended that spot long positions be more favorable than buying the current high-priced outer market.
Source: gdt official website, dairy online
▼
Photo editors: Xia Qiantong, Xiao Xinxin, Wei Shu Responsible editors: Wang Jing