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February 26, 2019
 
China Corn Weekly: Soft demand weighs on market(week ended Feb 22, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices slid marginally.
 

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

Region

City/ Port

Price type

Price as of
Feb 15
(RMB/tonne)

Price as of
Feb 22
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,666

1,664

-2

Jilin

Changchun

Ex-warehouse

1,710

1,710

0

Liaoning

Shenyang

Ex-warehouse

1,798

1,794

-4

Inner Mongolia

Tongliao

Ex-warehouse

1,810

1,810

0

Shandong

Dezhou

Ex-warehouse

1,870

1,868

-2

Shandong

Weifang

Ex-warehouse

1,880

1,878

-2

Hebei

Shijiazhuang

Ex-warehouse

1,870

1,866

-4

Henan

Zhengzhou

Ex-warehouse

1,880

1,880

0

Jiangsu

Xuzhou

Ex-warehouse

2,020

2,016

-4

Shaanxi

Xi'an

Ex-warehouse

1,870

1,870

0

Jiangsu

Lianyungang

Rail Station

1,863

1,855

-8

Zhejiang

Hangzhou

Rail Station

1,942

1,940

-2

Shanghai

-

Rail Station

1,942

1,938

-4

Sichuan

Chengdu

Rail Station

2,160

2,160

0

Liaoning

Dalian

FOB

1,863

1,855

-8

Liaoning

Jinzhou

FOB

1,878

1,864

-14

Guangdong

Shekou Port

CIF

1,978

1,968

-10

All prices are representative and are for reference only.
RMB1=US$0.1493 (Feb 26)

 
 
Market analysis
 
Corn demand was slack even though most feed producers have resumed operation.  With the poultry markets staying weak, feed millers withheld corn purchases in anticipation of sluggish feed sales.
 
On average, corn prices dipped 0.20% over the week.
 
 
Market forecast
 
As the weather turns warm in China, which makes corn preservation challenging, farmers will be compelled to clear stocks. This, coupled with the bleak outlook of the livestock markets, will drag down corn prices.
 

 


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