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Livestock & Feed Market

January 2, 2019
 
China Corn Weekly: Substantial price fall amid poor demand(week ended Dec 28, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices slid further.
 

Weekly transacted prices of second-grade corn in China (Moisture content 14%)

Region

City/ Port

Price type

Price as of Dec 21 (RMB/tonne)

Price as of Dec 28 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,754

1,728

-26

Jilin

Changchun

Ex-warehouse

1,768

1,740

-28

Liaoning

Shenyang

Ex-warehouse

1,860

1,852

-8

Inner Mongolia

Tongliao

Ex-warehouse

1,848

1,832

-16

Shandong

Heze

Ex-warehouse

1,894

1,890

-4

Shandong

Weifang

Ex-warehouse

1,904

1,900

-4

Hebei

Shijiazhuang

Ex-warehouse

1,910

1,890

-20

Henan

Zhengzhou

Ex-warehouse

1,912

1,878

-34

Jiangsu

Nanjing

Ex-warehouse

1,960

1,870

-90

Shanxi

Yuncheng

Ex-warehouse

1,870

1,870

0

Liaoning

Bayuquan

Rail Station

1,934

1,906

-28

Jiangsu

Nantong

Rail Station

2,038

1,990

-48

Shanghai

-

Rail Station

2,038

1,990

-48

Sichuan

Chengdu

Rail Station

2,242

2,214

-28

Liaoning

Dalian

FOB

1,938

1,906

-32

Liaoning

Jinzhou

FOB

1,918

1,894

-24

Guangdong

Shekougang

CIF

2,026

1,990

-36

Fujian

Fuzhou

CIF

/

/

/

All prices are representative and are for reference only.
RMB1=US$0.1459 (Jan 2)

 
 
Market analysis
 
As the sales of poultry feed were sluggish, feed millers were reluctant to increase corn stockpiles. With availability of corn ample, prices slid significantly over the week by 1.4%.
 
 
Market forecast
 
Corn demand should improve towards mid-January amid pre-Chinese New Year preparations. However, prices are expected to increase modestly at best as feed millers tread prudently with the livestock sector underperforming.
 

 


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