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February 22, 2017
 
China Corn Weekly: Prices stay soft(week ended Feb 17, 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 Feb 10 (RMB/tonne)

Price as of Feb 17 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,444

1,432

-12

Jilin

Changchun

Ex-warehouse

1,534

1,522

-12

Liaoning

Shenyang

Ex-warehouse

1,530

1,530

0

Inner Mongolia

Tongliao

Ex-warehouse

1,510

1,510

0

Shandong

Dezhou

Ex-warehouse

1,684

1,644

-40

Shandong

Weifang

Ex-warehouse

1,670

1,654

-16

Hebei

Shijiazhuang

Ex-warehouse

1,650

1,626

-24

Henan

Zhengzhou

Ex-warehouse

1,680

1,658

-22

Jiangsu

Xuzhou

Ex-warehouse

1,680

1,668

-12

Shaanxi

Xi'an

Ex-warehouse

1,616

1,600

-16

Jiangsu

Lianyungang

Rail Station

1,680

1,668

-12

Zhejiang

Hangzhou

Rail Station

1,700

1,694

-6

Shanghai

-

Rail Station

1,700

1,694

-6

Sichuan

Chengdu

Rail Station

1,860

1,860

0

Liaoning

Dalian

FOB

1,480

1,490

10

Liaoning

Jinzhou

FOB

1,480

1,490

10

Guangdong

Shekou Port

CIF

1,610

1,620

10

Fujian

Fuzhou

CIF

1,610

1,632

22

All prices are representative and are for reference only.
RMB1=US$0.1453 (Feb 22)

 
 
Market analysis
 
Supplies of corn remained ample, exerting pressure on the market, particularly in the production region, while demand showed little improvement. In the consumption region, prices were firm due to recovering feed demand.
 
Overall, prices dipped 0.43% over the week.
 
 
Market forecast
 
Corn demand is unlikely to be strong with animal inventories staying low. Moreover, feed millers will withhold purchases as the outlook of China's economy remains bleak while the availability of corn is expected to stay abundant.
 


 
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