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February 6, 2017


China Corn Weekly: Quiet market stays soft (week ended Feb 3, 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 Jan 27 (RMB/tonne)

Price as of Feb 3  (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

1,535

1,530

-5

Inner Mongolia

Tongliao

Ex-warehouse

1,515

1,510

-5

Shandong

Dezhou

Ex-warehouse

1,700

1,700

0

Shandong

Weifang

Ex-warehouse

1,670

1,670

0

Hebei

Shijiazhuang

Ex-warehouse

1,650

1,650

0

Henan

Zhengzhou

Ex-warehouse

1,680

1,680

0

Jiangsu

Xuzhou

Ex-warehouse

1,685

1,680

-5

Shaanxi

Xi'an

Ex-warehouse

1,620

1,620

0

Jiangsu

Lianyungang

Rail Station

1,685

1,680

-5

Zhejiang

Hangzhou

Rail Station

1,705

1,700

-5

Shanghai

-

Rail Station

1,705

1,700

-5

Sichuan

Chengdu

Rail Station

1,860

1,860

0

Liaoning

Dalian

FOB

1,480

1,480

0

Liaoning

Jinzhou

FOB

1,480

1,480

0

Guangdong

Shekou Port

CIF

1,610

1,610

0

Fujian

Fuzhou

CIF

1,610

1,610

0

All prices are representative and are for reference only.
RMB1=US$0.1456 (Feb 6)

  
  

Market analysis


Trade was limited after the Chinese New Year holidays, as several feed millers have not resumed operation. Corn prices remained soft amid slack demand.

 


Market forecast


Corn prices are expected to move lower under the weight of poor post-festive feed demand. Should the bird flu epidemic worsen, slumping broiler prices will slash feed sales further, resulting in prominently lower corn prices.

 
 


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