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January 15, 2018

China Corn Weekly: Tight availability perks up prices (week ended Jan 15, 2018)

An eFeedLink Exclusive
 

Price summary

Prices continued to strengthen.
 
 

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

Region

City/ Port

Price type

Price as of Jan 5 (RMB/tonne)

Price as of Jan 12 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,650

1,650

0

Jilin

Changchun

Ex-warehouse

1,680

1,720

40

Liaoning

Shenyang

Ex-warehouse

1,740

1,810

70

Inner Mongolia

Tongliao

Ex-warehouse

1,580

1,660

80

Shandong

Dezhou

Ex-warehouse

1,730

1,780

50

Shandong

Weifang

Ex-warehouse

1,860

1,900

40

Hebei

Shijiazhuang

Ex-warehouse

1,760

1,770

10

Henan

Zhengzhou

Ex-warehouse

1,920

1,950

30

Jiangsu

Xuzhou

Ex-warehouse

1,920

1,940

20

Shaanxi

Xi'an

Ex-warehouse

1,850

1,850

0

Jiangsu

Lianyungang

Rail Station

1,830

1,860

30

Zhejiang

Hangzhou

Rail Station

1,960

1,960

0

Shanghai

-

Rail Station

1,940

1,960

20

Sichuan

Chengdu

Rail Station

2,100

2,100

0

Liaoning

Dalian

FOB

1,820

1,860

40

Liaoning

Jinzhou

FOB

1,850

1,880

30

Guangdong

Shekou Port

CIF

1,960

1,980

20

Fujian

Fuzhou

CIF

1,940

1,960

20

All prices are representative and are for reference only.
RMB1=US$0.1557 (Jan 15)

Market analysis

Deliveries of corn were delayed in several parts of China, particularly in the north and northeast regions, compelling buyers to lift prices to secure supplies. Over the week, prices of corn increased substantially by 1.57% amid limited availability.
 

Market forecast

Supplies of corn will be tight in the coming period, lending support to the market. Prices are seen higher as animal feed demand expands towards late January.
 

 


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