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March 26, 2019
 
China Corn Weekly: Market stays soft with slower price falls (week ended Mar 22, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly weak.
 

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

Region

City/ Port

Price type

Price as of
Mar 15
(RMB/tonne)

Price as of
Mar 22
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,622

1,620

-28

Jilin

Changchun

Ex-warehouse

1,662

1,676

-2

Liaoning

Shenyang

Ex-warehouse

1,760

1,760

0

Inner Mongolia

Tongliao

Ex-warehouse

1,760

1,720

-56

Shandong

Dezhou

Ex-warehouse

1,857

1,855

-11

Shandong

Weifang

Ex-warehouse

1,867

1,864

-12

Hebei

Shijiazhuang

Ex-warehouse

1,840

1,840

0

Henan

Zhengzhou

Ex-warehouse

1,890

1,890

0

Jiangsu

Xuzhou

Ex-warehouse

1,930

1,930

-28

Shaanxi

Xi'an

Ex-warehouse

1,830

1,810

-50

Jiangsu

Lianyungang

Rail Station

1,872

1,798

2

Zhejiang

Hangzhou

Rail Station

1,872

1,870

-6

Shanghai

-

Rail Station

1,880

1,880

4

Sichuan

Chengdu

Rail Station

2,070

2,092

12

Liaoning

Dalian

FOB

1,791

1,798

2

Liaoning

Jinzhou

FOB

1,798

1,804

7

Guangdong

Shekou Port

CIF

1,874

1,890

6

All prices are representative and are for reference only.
RMB1=US$0.1490 (Mar 26)

 
 
Market analysis
 
Prices of corn stabilised in more regions, hence helping to limit the overall drop to 0.25%.
 
Although feed producers continued to withhold buying, the availability of corn decreased after the recent round of release surge.
 
 
Market forecast
 
Feed producers will stay prudent even though prices of broiler and hog soared over the past few weeks. Corn market is expected to remain soft despite milder price falls.
 

 


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