SWP
US market tightens further
Europe
SWP market is sluggish but prices stand their ground
The EU SWP market is in the middle of a standstill, caused by the extremely tight market conditions in WPC80 where prices are already above EUR 13000. Eastern EU food SWP is still traded at EUR 1050-1200 for food quality SWP and in the Western region prices are at EUR 1040-1150, all ex works. Occasionally product is offered below the EUR 1000 threshold. Feed SWP is moving largely sideways, be it with some price volatility. Last week prices moved back up again to a level of EUR 1030 delivered The Netherlands. Prices for both prompt delivery and Q1 are largely the same.
Americas
SWP market is expected to remain tight for some time
Tight supply conditions continue in the US SWP market and as a result prices moved up to the USD 0.72-0.75/lb (1545-1585/t) ex works range. Looking forward people are wondering how long this situation may persist as milk supply will build further towards the peak in Q2. Due to the ongoing strong demand in the WPC-80 market where prices for instant are now at USD 7.40/lb (16300/t) ex works, buyers seem to have very little hope that Q1 will offer much relief though.
More insights
If you're interested in SWP, you may also like these topics:
