Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

 

January 9, 2017

 

China Corn Weekly: Slack post-New Year demand softens market (week ended Jan 6, 2016)

 

An eFeedLink Exclusive
 
 

Price summary
 

Prices were stable to lower.

 

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

Region

City/ Port

Price type

Price as of Dec 30 (RMB/tonne)

Price as of Jan 6 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,450

1,450

0

Jilin

Changchun

Ex-warehouse

1,540

1,540

0

Liaoning

Shenyang

Ex-warehouse

1,550

1,550

0

Inner Mongolia

Tongliao

Ex-warehouse

1,550

1,550

0

Shandong

Dezhou

Ex-warehouse

1,700

1,700

0

Shandong

Weifang

Ex-warehouse

1,680

1,680

0

Hebei

Shijiazhuang

Ex-warehouse

1,650

1,650

0

Henan

Zhengzhou

Ex-warehouse

1,700

1,683

-18

Jiangsu

Xuzhou

Ex-warehouse

1,792

1,780

-12

Shaanxi

Xi'an

Ex-warehouse

1,620

1,620

0

Jiangsu

Lianyungang

Rail Station

1,792

1,780

-12

Zhejiang

Hangzhou

Rail Station

1,872

1,818

-54

Shanghai

-

Rail Station

1,872

1,818

-54

Sichuan

Chengdu

Rail Station

1,920

1,913

-7

Liaoning

Dalian

FOB

1,560

1,530

-30

Liaoning

Jinzhou

FOB

1,560

1,530

-30

Guangdong

Shekou Port

CIF

1,738

1,695

-43

Fujian

Fuzhou

CIF

1,754

1,708

-47

All prices are representative and are for reference only.
RMB1=US$0.1441 (Jan 9)

 

 

Market analysis

 

Corn farmers, who were eager to clear stocks before the long Chinese New Year holidays, negotiated prices readily.

 

However, sales of corn remained slow after the New Year holidays, exerting pressure on prices, particularly in the consumption regions. Moreover, imports of sorghum and wheat are expected to increase, hence curtailing the demand for corn in the southern region.

 

Overall, corn prices dipped 1% during the period in review.

 
 

Market forecast

 

Corn market will be under pressure while corn farmers are keen to release inventories in the coming couple of weeks even as feed demand stays poor. In the north, demand will be further weakened as strict pollution controls shut down sub-standard deep processing plants.
 

 

 

All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read