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Market Reports

March 17, 2020
 
China Corn Weekly: Market stays firm(week ended Mar 13, 2020)
                                                                           
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly stable.
 

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

Region

City/ Port

Price type

Price as of
Mar 6
(RMB/tonne)

Price as of
Mar 13
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,760

1,763

3

Jilin

Changchun

Ex-warehouse

1,760

1,780

20

Liaoning

Shenyang

Ex-warehouse

1,828

1,830

2

Inner Mongolia

Tongliao

Ex-warehouse

1,800

1,800

0

Shandong

Heze

Ex-warehouse

1,908

1,888

-20

Shandong

Weifang

Ex-warehouse

2,016

1,980

-36

Hebei

Shijiazhuang

Ex-warehouse

1,860

1,880

20

Henan

Zhengzhou

Ex-warehouse

1,908

1,910

2

Jiangsu

Nanjing

Ex-warehouse

2,020

2,020

0

Shanxi

Yuncheng

Ex-warehouse

1,930

1,930

0

Liaoning

Bayuquan

Rail Station

1,925

1,945

20

Jiangsu

Nantong

Rail Station

1,927

1,940

13

Shanghai

-

Rail Station

2,110

1,990

-120

Sichuan

Chengdu

Rail Station

2,160

2,160

0

Liaoning

Dalian

FOB

1,927

1,940

13

Liaoning

Jinzhou

FOB

1,938

1,940

2

Guangdong

Shekougang

CIF

1,996

2,000

4

All prices are representative and are for reference only.
RMB1=US$0.1427 (Mar 17)

 
 
Market analysis
 
Prices of corn remained firm in most regions despite falling considerably in some provinces. Deep processors continued to expand corn inventories, hence lendingsupport to the market. Nonetheless, with livestock feed consumption staying slow, producers limited purchases cautiously.
 
 
Market forecast
 
The grim economic outlook of China and the world will curtail the sales of corn. Prices are therefore less likely to rise tremendously in the coming period.
 

 


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