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Livestock & Feed Market

February 7, 2019
 
China Corn Weekly: Market weakens amid slack pre-festive sales(week ended Feb 1, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
 

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

Region

City/ Port

Price type

Price as of
Jan 25
(RMB/tonne)

Price as of
Feb 1
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,664

1,660

-4

Jilin

Changchun

Ex-warehouse

1,718

1,710

-8

Liaoning

Shenyang

Ex-warehouse

1,814

1,790

-24

Inner Mongolia

Tongliao

Ex-warehouse

1,800

1,816

16

Shandong

Dezhou

Ex-warehouse

1,877

1,870

-7

Shandong

Weifang

Ex-warehouse

1,885

1,880

-5

Hebei

Shijiazhuang

Ex-warehouse

1,870

1,870

0

Henan

Zhengzhou

Ex-warehouse

1,878

1,880

2

Jiangsu

Xuzhou

Ex-warehouse

2,026

2,020

-6

Shaanxi

Xi'an

Ex-warehouse

1,870

1,870

0

Jiangsu

Lianyungang

Rail Station

1,887

1,848

-39

Zhejiang

Hangzhou

Rail Station

1,944

1,940

-4

Shanghai

-

Rail Station

1,944

1,940

-4

Sichuan

Chengdu

Rail Station

2,160

2,160

0

Liaoning

Dalian

FOB

1,887

1,848

-39

Liaoning

Jinzhou

FOB

1,878

1,883

5

Guangdong

Shekou Port

CIF

1,980

1,980

0

All prices are representative and are for reference only.
RMB1=US$0.1483 (Feb 7)

 
 
Market analysis
 
Corn prices continued to slide as supplies were abundant while demand remained slow. Moreover, feed millers, which halted operation towards late January,were not interested to stockpile inventories.
 
On average, corn prices dropped 0.36% over the week.
 
 
Market forecast
 
Trade will practically halt during the first week of February due to the celebration of Chinese New Year. After the festive hiatus, corn sales will stay soft due to low animal inventories, exerting pressure on the market.
 

 


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