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Livestock & Feed Market

July 2, 2018
 
China Corn Weekly: Prices stabilise despite state auctions(week ended Jun 29, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostlystable.
 

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

Region

City/ Port

Price type

Price as of Jun 22 (RMB/tonne)

Price as of Jun 29 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,620

1,620

0

Jilin

Changchun

Ex-warehouse

1,640

1,640

0

Liaoning

Shenyang

Ex-warehouse

1,700

1,700

0

Inner Mongolia

Tongliao

Ex-warehouse

1,600

1,700

100

Shandong

Dezhou

Ex-warehouse

1,880

1,834

-46

Shandong

Weifang

Ex-warehouse

1,880

1,870

-10

Hebei

Shijiazhuang

Ex-warehouse

1,780

1,780

0

Henan

Zhengzhou

Ex-warehouse

1,850

1,850

0

Jiangsu

Xuzhou

Ex-warehouse

1,880

1,880

0

Shaanxi

Xi'an

Ex-warehouse

1,810

1,810

0

Jiangsu

Lianyungang

Rail Station

1,768

1,758

-10

Zhejiang

Hangzhou

Rail Station

1,820

1,820

0

Shanghai

-

Rail Station

1,880

1,880

0

Sichuan

Chengdu

Rail Station

2,050

2,050

0

Liaoning

Dalian

FOB

1,758

1,758

0

Liaoning

Jinzhou

FOB

1,768

1,738

-30

Guangdong

Shekou Port

CIF

1,820

1,830

10

Fujian

Fuzhou

CIF

1,820

1,820

0

All prices are representative and are for reference only.
RMB1=US$0.1508 (Jul 2)

 
 
Market analysis
 
Corn prices remained stable in most regions with supplies of 2017 corn limited. Supplies of old stocks from the government reserves helped to put a lid on the corn market but could not weaken price significantly.
 
On average, worn prices inched higher by 0.04%.
 
 
Market forecast
 
More state auctioned corn will be released in the coming period, exerting pressure on the market. However, as supplies of fresh corn are tight, price falls will be limited even with demand for poultry feed sluggish.
 

 


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