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February 20, 2019
 
China Corn Weekly: Prices stable amid light trade(week ended Feb 15, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable.
 

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

Region

City/ Port

Price type

Price as of
Feb 1
(RMB/tonne)

Price as of
Feb 15
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,660

1,666

6

Jilin

Changchun

Ex-warehouse

1,710

1,710

0

Liaoning

Shenyang

Ex-warehouse

1,790

1,798

8

Inner Mongolia

Tongliao

Ex-warehouse

1,816

1,810

-6

Shandong

Dezhou

Ex-warehouse

1,870

1,870

0

Shandong

Weifang

Ex-warehouse

1,880

1,880

0

Hebei

Shijiazhuang

Ex-warehouse

1,870

1,870

0

Henan

Zhengzhou

Ex-warehouse

1,880

1,880

0

Jiangsu

Xuzhou

Ex-warehouse

2,020

2,020

0

Shaanxi

Xi'an

Ex-warehouse

1,870

1,870

0

Jiangsu

Lianyungang

Rail Station

1,848

1,863

15

Zhejiang

Hangzhou

Rail Station

1,940

1,942

2

Shanghai

-

Rail Station

1,940

1,942

2

Sichuan

Chengdu

Rail Station

2,160

2,160

0

Liaoning

Dalian

FOB

1,848

1,863

15

Liaoning

Jinzhou

FOB

1,883

1,878

-5

Guangdong

Shekou Port

CIF

1,980

1,978

-2

All prices are representative and are for reference only.
RMB1=US$0.1488 (Feb 20)

 
 
Market analysis
 
Trade was limited as most feed producers have stocked sufficientinventories during January. Moreover, weak feed demand dampened the confidence of buyers, who held back corn purchases to be on the safe side.
 
Corn prices were mostly stable, inching up 011% on average over the week.
 
 
Market forecast
 
With feed consumption slow and corn availability ample, prices will be under pressure in the coming weeks. However, deep processors are expected to stock inventories, lending some support to the market.
 

 


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