Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

February 14, 2017
 
China Corn Weekly: Market stable but under pressure (week ended Feb 10, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly unchanged.
 

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

Region

City/ Port

Price type

Price as of Feb 3  (RMB/tonne)

Price as of Feb 10  (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,450

1,444

-6

Jilin

Changchun

Ex-warehouse

1,540

1,534

-6

Liaoning

Shenyang

Ex-warehouse

1,530

1,530

0

Inner Mongolia

Tongliao

Ex-warehouse

1,510

1,510

0

Shandong

Dezhou

Ex-warehouse

1,700

1,684

-16

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

1,680

1,680

0

Shaanxi

Xi'an

Ex-warehouse

1,620

1,616

-4

Jiangsu

Lianyungang

Rail Station

1,680

1,680

0

Zhejiang

Hangzhou

Rail Station

1,700

1,700

0

Shanghai

-

Rail Station

1,700

1,700

0

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$0.1455 (Feb 14)
 
 
Market analysis
 
Demand for corn remained weak in China due to lacklustre post-festive feed sales. Moreover, poultry feed producers were reluctant to stockpile high inventories of corn in view of poor feed demand as the outbreak of bird flu appeared to worsen.
 
Nevertheless, corn prices remained relatively stable, edging down only 0.11% over the week while trade was limited.

 
Market forecast
 
More traders will resume trading in the coming period as the celebration of Chinese New Year has ended. Supply pressure will weaken corn prices in conjunction with decimated feed output.
 

 


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