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March 13, 2012
 
China Corn Weekly: Market remains upbeat (week ended Mar 9, 2012)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were stable to higher.
 

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

2,216

2,220

4

Jilin

Changchun

Ex-warehouse

2,246

2,270

24

Liaoning

Shenyang

Ex-warehouse

2,300

2,320

20

Inner Mongolia

Tongliao

Ex-warehouse

2,320

2,320

0

Shandong

Dezhou

Ex-warehouse

2,260

2,276

16

Shandong

Weifang

Ex-warehouse

2,314

2,348

34

Hebei

Shijiazhuang

Ex-warehouse

2,220

2,232

12

Henan

Zhengzhou

Ex-warehouse

2,220

2,228

8

Jiangsu

Xuzhou

Ex-warehouse

2,460

2,460

0

Shaanxi

Xi'an

Ex-warehouse

2,140

2,140

0

Jiangsu

Lianyungang

Rail Station

2,400

2,400

0

Zhejiang

Hangzhou

Rail Station

2,496

2,516

20

Shanghai

-

Rail Station

2,548

2,560

12

Sichuan

Chengdu

Rail Station

2,610

2,610

0

Liaoning

Dalian

FOB

2,416

2,432

16

Liaoning

Jinzhou

FOB

2,398

2,422

24

Guangdong

Shekou Port

CIF

2,480

2,516

36

Fujian

Fuzhou

CIF

2,506

2,510

4

All prices are representative and are for reference only.
RMB1=US$0.1581 (Mar 13)

 
 
Market analysis
 
Fundamentally low supplies of corn continued to push up prices despite subdued demand from the livestock sector.
 
Slowly but surely, corn has increased almost 5% accumulatively in prices since its rebound last December. 
 
 
Market forecast
 
Corn market will remain firm amid supply shortages. Should the livestock feed demand increase in the coming period, price rallies are expected.
 
 


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