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Market Reports

March 12, 2018
 
China Corn Weekly: Tight supply fuels price rally (week ended Mar 9, 2018)
 
An eFeedLink Exclusive
 

Price summary
 
Prices increased significantly.
 

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

Region

City/ Port

Price type

Price as of Mar 2 (RMB/tonne)

Price as of Mar 9 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,710

1,800

90

Jilin

Changchun

Ex-warehouse

1,720

1,850

130

Liaoning

Shenyang

Ex-warehouse

1,810

1,900

90

Inner Mongolia

Tongliao

Ex-warehouse

1,770

1,830

60

Shandong

Dezhou

Ex-warehouse

1,820

1,940

120

Shandong

Weifang

Ex-warehouse

1,990

2,100

110

Hebei

Shijiazhuang

Ex-warehouse

1,860

1,900

40

Henan

Zhengzhou

Ex-warehouse

2,000

2,020

20

Jiangsu

Xuzhou

Ex-warehouse

1,960

2,020

60

Shaanxi

Xi'an

Ex-warehouse

1,880

1,940

60

Jiangsu

Lianyungang

Rail Station

1,900

1,970

70

Zhejiang

Hangzhou

Rail Station

1,960

2,020

60

Shanghai

-

Rail Station

2,000

2,020

20

Sichuan

Chengdu

Rail Station

2,200

2,290

90

Liaoning

Dalian

FOB

1,890

1,930

40

Liaoning

Jinzhou

FOB

1,910

1,960

50

Guangdong

Shekou Port

CIF

2,010

2,040

30

Fujian

Fuzhou

CIF

1,960

2,080

120

All prices are representative and are for reference only.
RMB1=US$0.1579 (Mar 12)

 
 
Market analysis
 
Corn supplies tightened, pushing prices prominently higher nationwide. On average, corn prices surged 3.7% over the week. In the northeast region, heavy snowfalls disrupted deliveries, strengthening prices by 5% to 8%.
 
 
Market forecast
 
Although feed output will be limited, demand will be stable as feed producers stock depleting inventories. This, together with tight availability, is expected to hold up the prices of corn.
 

 


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