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April 10, 2017
 
China Corn Weekly: Delayed deliveries tighten supply, strengthen price(week ended Apr 7, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained firm.
 

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

Region

City/ Port

Price type

Price as of Mar 31 (RMB/tonne)

Price as of Apr 7 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,390

1,390

0.00

Jilin

Changchun

Ex-warehouse

1,518

1,520

2.00

Liaoning

Shenyang

Ex-warehouse

1,536

1,540

4.00

Inner Mongolia

Tongliao

Ex-warehouse

1,522

1,530

8.00

Shandong

Dezhou

Ex-warehouse

1,648

1,650

2.00

Shandong

Weifang

Ex-warehouse

1,654

1,660

6.00

Hebei

Shijiazhuang

Ex-warehouse

1,630

1,637

7.00

Henan

Zhengzhou

Ex-warehouse

1,618

1,620

2.00

Jiangsu

Xuzhou

Ex-warehouse

1,640

1,640

0.00

Shaanxi

Xi'an

Ex-warehouse

1,638

1,640

2.00

Jiangsu

Lianyungang

Rail Station

1,640

1,640

0.00

Zhejiang

Hangzhou

Rail Station

1,692

1,700

8.00

Shanghai

-

Rail Station

1,692

1,700

8.00

Sichuan

Chengdu

Rail Station

1,860

1,860

0.00

Liaoning

Dalian

FOB

1,532

1,543

11.00

Liaoning

Jinzhou

FOB

1,532

1,543

11.00

Guangdong

Shekou Port

CIF

1,652

1,667

15.00

Fujian

Fuzhou

CIF

1,652

1,667

15.00

All prices are representative and are for reference only.
RMB1=US$0.1455 (Apr 10)

 
 
Market analysis
 
After rising almost 1% in the previous week, prices of corn rose another 0.35% of late. Demand from the poultry sector continued to improve whereas rainy climates delayed deliveries of corn in the consumption region. Nonetheless, price hikes slowed as feed millers stayed prudent.
 
 
Market forecast
 
Corn availability will be limited in the near term as deliveries are hampered. However, with the government releasing state corn for sale in the coming period, corn prices will be under pressure.
 


 
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