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MARKET

July 17, 2017
 
China Corn Weekly: Slow steady rise in prices (week ended Jul 14, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices rose further.
 

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

Region

City/ Port

Price type

Price as of Jul 7 (RMB/tonne)

Price as of Jul 14 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,420

1,420

0

Jilin

Changchun

Ex-warehouse

1,550

1,550

0

Liaoning

Shenyang

Ex-warehouse

1,590

1,590

0

Inner Mongolia

Tongliao

Ex-warehouse

1,600

1,600

0

Shandong

Dezhou

Ex-warehouse

1,706

1,710

4

Shandong

Weifang

Ex-warehouse

1,732

1,740

8

Hebei

Shijiazhuang

Ex-warehouse

1,670

1,670

0

Henan

Zhengzhou

Ex-warehouse

1,660

1,660

0

Jiangsu

Xuzhou

Ex-warehouse

1,720

1,774

54

Shaanxi

Xi'an

Ex-warehouse

1,680

1,680

0

Jiangsu

Lianyungang

Rail Station

1,720

1,774

54

Zhejiang

Hangzhou

Rail Station

1,770

1,796

26

Shanghai

-

Rail Station

1,770

1,796

26

Sichuan

Chengdu

Rail Station

1,994

2,000

6

Liaoning

Dalian

FOB

1,640

1,642

2

Liaoning

Jinzhou

FOB

1,658

1,666

8

Guangdong

Shekou Port

CIF

1,748

1,770

22

Fujian

Fuzhou

CIF

1,750

1,770

20

All prices are representative and are for reference only.
RMB1=US$0.1478 (Jul 17)

 
 
Market analysis
 
The availability of high quality remained tight, supporting prices to move higher. However, plentiful supplies of lower quality corn from the state auction, together with reduced rail freight charges, limited the price hikes.
 
On average, corn prices increased 0.76% over the week.
 
 
Market forecast
 
With the corn harvest about three months away, prices of high quality grains are set to remain firm amid limited availability. Price rise will be slow, however,due to cautious mood and the state auction reserves corn.
 

 


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