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January 22, 2018
 
China Corn Weekly: Prices consolidate as buyers limit buying(week ended Jan 19, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mixed.
 

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

Region

City/ Port

Price type

Price as of Jan 12 (RMB/tonne)

Price as of Jan 19 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,650

1,650

0

Jilin

Changchun

Ex-warehouse

1,720

1,720

0

Liaoning

Shenyang

Ex-warehouse

1,810

1,810

0

Inner Mongolia

Tongliao

Ex-warehouse

1,660

1,760

100

Shandong

Dezhou

Ex-warehouse

1,780

1,800

20

Shandong

Weifang

Ex-warehouse

1,900

1,940

40

Hebei

Shijiazhuang

Ex-warehouse

1,770

1,800

30

Henan

Zhengzhou

Ex-warehouse

1,950

1,950

0

Jiangsu

Xuzhou

Ex-warehouse

1,940

1,940

0

Shaanxi

Xi'an

Ex-warehouse

1,850

1,850

0

Jiangsu

Lianyungang

Rail Station

1,860

1,850

-10

Zhejiang

Hangzhou

Rail Station

1,960

1,930

-30

Shanghai

-

Rail Station

1,960

1,960

0

Sichuan

Chengdu

Rail Station

2,100

2,140

40

Liaoning

Dalian

FOB

1,860

1,860

0

Liaoning

Jinzhou

FOB

1,880

1,870

-10

Guangdong

Shekou Port

CIF

1,980

1,930

-50

Fujian

Fuzhou

CIF

1,960

1,960

0

All prices are representative and are for reference only.
RMB1=US$0.1561 (Jan 22)

 
 
Market analysis
 
Corn demand softened in the consumption regions as buyers who have accumulated ample stocks withheld buying prudently. Nonetheless, tight availability supported prices to stay firm in the production regions.
 
On average, corn prices increased 0.49% over the week.
 
 
Market forecast
 
Feed millers are more cautious than usual this year, lacking confidence in the livestock market. However, with corn supplies limited, prices are seen stable.
 

 


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