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Market Reports

June 5, 2018

China Corn Weekly: Market stays stable amid tight availability of fresh corn (week ended Jun 1, 2018)

An eFeedLink Exclusive
 

Price summary

Prices were stable to lower.
 

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

Region

City/ Port

Price type

Price as of May 25 (RMB/tonne)

Price as of Jun 4 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1670

1670

0

Jilin

Changchun

Ex-warehouse

1690

1690

0

Liaoning

Shenyang

Ex-warehouse

1750

1750

0

Inner Mongolia

Tongliao

Ex-warehouse

1750

1750

0

Shandong

Dezhou

Ex-warehouse

1856

1850

-6

Shandong

Weifang

Ex-warehouse

1880

1860

-20

Hebei

Shijiazhuang

Ex-warehouse

1800

1800

0

Henan

Zhengzhou

Ex-warehouse

1870

1870

0

Jiangsu

Xuzhou

Ex-warehouse

1980

1950

-30

Shaanxi

Xi'an

Ex-warehouse

1810

1810

0

Jiangsu

Lianyungang

Rail Station

1765

1765

0

Zhejiang

Hangzhou

Rail Station

1870

1860

-10

Shanghai

-

Rail Station

2010

2010

0

Sichuan

Chengdu

Rail Station

2100

2140

40

Liaoning

Dalian

FOB

1765

1765

0

Liaoning

Jinzhou

FOB

1785

1775

-10

Guangdong

Shekou Port

CIF

1880

1880

0

Fujian

Fuzhou

CIF

1910

1910

0

All prices are representative and are for reference only.
RMB1=US$0.1558 (Jun 4)

   
   
Market analysis
 
Feed demand stayed flat, prompting producers to limit output. Corn usages were slow as a result, exerting pressure on the market in conjunction with ample state reserves supplies.

Hence, even as fresh corn availability was low, prices dipped o.11% over the week.
 

Market forecast

Corn market will stay weak amid cautious demand. Moreover, in regions where wheat is harvested, feed producers will use it to replace corn, hence further curtailing the sales of corn.
 

 


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