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Livestock & Feed Market

April 8, 2019

China Corn Weekly: Tight availability limits price falls (week ended Apr 5, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices slid marginally.
 

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

Region

City/ Port

Price type

Price as of
Mar 29
(RMB/tonne)

Price as of
Apr 5
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,622

1,630

8

Jilin

Changchun

Ex-warehouse

1,672

1,670

-2

Liaoning

Shenyang

Ex-warehouse

1,748

1,730

-18

Inner Mongolia

Tongliao

Ex-warehouse

1,720

1,726

6

Shandong

Dezhou

Ex-warehouse

1,850

1,846

-4

Shandong

Weifang

Ex-warehouse

1,860

1,856

-4

Hebei

Shijiazhuang

Ex-warehouse

1,832

1,820

-12

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

1,786

1,777

-9

Zhejiang

Hangzhou

Rail Station

1,880

1,880

0

Shanghai

-

Rail Station

1,880

1,880

0

Sichuan

Chengdu

Rail Station

2,060

2,048

-12

Liaoning

Dalian

FOB

1,786

1,777

-9

Liaoning

Jinzhou

FOB

1,799

1,789

-10

Guangdong

Shekou Port

CIF

1,880

1,870

-10

All prices are representative and are for reference only.
RMB1=US$0.1488 (Apr 8)

 
Attention: The publication of Weekly Reports will terminate starting April 15, 2019. Contents of the report will be available onSpoutINFO website (https://spoutinfo.com).
 

Market analysis

Corn market stayed weak with feed demand sluggish. Moreover, buyers in the south withheld buying as 700,000 tonnes of imported corn are expected to arrive during late April.

Nevertheless, with supplies of corn low in the market, price falls were limited to 0.25% on average.
 

Market forecast

Corn sales will stay slow as feed tread prudently with hog feed demand sluggish. Towards late April, when corn shipments arrive, prices will be under greater downward pressure.
 

 


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