Are Chinese buyers back?

Published 7 April 15

Chinese milk powder imports in the first two months of the year are the highest volumes seen for over six months, according to data from Eucolait. However, this does not mean the Chinese are yet fully back in the game.

China has high levels of storage capacity meaning the country is often able to take advantage of low global commodity prices. Therefore, Chinese stock levels could be crucial over the coming months to the rate of recovery in wholesale prices. If global supply signals begin to ease further, it could trigger an increase in activity from key buyers. However, if stocks are plentiful it could be longer before this happens.

Chinese WMP imports 07.04.15