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April 9, 2012
 
China Corn Weekly: Higher release stalls price rise (week ended Apr 6, 2012)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stopped rising.
 

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

Region

City/ Port

Price type

Price as of Mar 30  (RMB/tonne)

Price as of Apr 6  (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

2,250

2,250

0

Jilin

Changchun

Ex-warehouse

2,320

2,320

0

Liaoning

Shenyang

Ex-warehouse

2,350

2,350

0

Inner Mongolia

Tongliao

Ex-warehouse

2,360

2,360

0

Shandong

Dezhou

Ex-warehouse

2,350

2,350

0

Shandong

Weifang

Ex-warehouse

2,458

2,460

2

Hebei

Shijiazhuang

Ex-warehouse

2,320

2,320

0

Henan

Zhengzhou

Ex-warehouse

2,280

2,280

0

Jiangsu

Xuzhou

Ex-warehouse

2,460

2,460

0

Shaanxi

Xi'an

Ex-warehouse

2,180

2,180

0

Jiangsu

Lianyungang

Rail Station

2,520

2,520

0

Zhejiang

Hangzhou

Rail Station

2,540

2,540

0

Shanghai

-

Rail Station

2,580

2,580

0

Sichuan

Chengdu

Rail Station

2,654

2,650

-4

Liaoning

Dalian

FOB

2,486

2,470

-16

Liaoning

Jinzhou

FOB

2,468

2,460

-8

Guangdong

Shekou Port

CIF

2,546

2,545

-1

Fujian

Fuzhou

CIF

2,560

2,560

0

All prices are representative and are for reference only.
RMB1=US$0.1586 (Apr 9)

 
 
Market analysis
 
More farmers released supplies after Qingming Festival holidays in the production regions, hence stalling the price rise of corn.
 
 
Market forecast
 
Farmers will be more eager to sell their crops as higher weather temperatures will result in faster decay of corn. This will put a lid on corn prices in the near term. Nonetheless, as supplies are fundamentally tight, corn market is seen firm in the longer term.
 

 


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