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April 2, 2019

China Corn Weekly: Low feed demand curtails corn sales (week ended Mar 29, 2019)
 
An eFeedLink Exclusive
 
 
Price summary

Prices remained soft.
 

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

Region

City/ Port

Price type

Price as of
Mar 22
(RMB/tonne)

Price as of
Mar 29
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,620

1,622

2

Jilin

Changchun

Ex-warehouse

1,676

1,672

-4

Liaoning

Shenyang

Ex-warehouse

1,760

1,748

-12

Inner Mongolia

Tongliao

Ex-warehouse

1,720

1,720

0

Shandong

Dezhou

Ex-warehouse

1,855

1,850

-5

Shandong

Weifang

Ex-warehouse

1,864

1,860

-4

Hebei

Shijiazhuang

Ex-warehouse

1,840

1,832

-8

Henan

Zhengzhou

Ex-warehouse

1,890

1,890

0

Jiangsu

Xuzhou

Ex-warehouse

1,930

1,930

0

Shaanxi

Xi'an

Ex-warehouse

1,810

1,810

0

Jiangsu

Lianyungang

Rail Station

1,798

1,786

-12

Zhejiang

Hangzhou

Rail Station

1,870

1,880

10

Shanghai

-

Rail Station

1,880

1,880

0

Sichuan

Chengdu

Rail Station

2,092

2,060

-32

Liaoning

Dalian

FOB

1,798

1,786

-12

Liaoning

Jinzhou

FOB

1,804

1,799

-5

Guangdong

Shekou Port

CIF

1,890

1,880

-10

All prices are representative and are for reference only.
RMB1=US$0.1488 (Apr 2)

 
 
Market analysis
 
Demand for corn showed little improvement despite stronger livestock prices, as feed producers stayed cautious. With supply exceeding demand, corn prices continued to slide, albeit at a slow pace of 0.30%.
 
 
Market forecast
 
Low inventories of animal, particularly those of hog, will hamper the sales of corn in China.  Prices are therefore expected to stay weak in the coming period.
 

 


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