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MARKET

August 7, 2018

China Corn Weekly: Market stays stable (week ended Aug 3, 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 Jul 27 (RMB/tonne)

Price as of Aug 3 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,620

1,600

-20

Jilin

Changchun

Ex-warehouse

1,640

1,640

0

Liaoning

Shenyang

Ex-warehouse

1,700

1,700

0

Inner Mongolia

Tongliao

Ex-warehouse

1,700

1,700

0

Shandong

Dezhou

Ex-warehouse

1,880

1,860

-20

Shandong

Weifang

Ex-warehouse

1,930

1,930

0

Hebei

Shijiazhuang

Ex-warehouse

1,790

1,790

0

Henan

Zhengzhou

Ex-warehouse

1,850

1,850

0

Jiangsu

Xuzhou

Ex-warehouse

1,880

1,880

0

Shaanxi

Xi'an

Ex-warehouse

1,820

1,820

0

Jiangsu

Lianyungang

Rail Station

1,768

1,748

-20

Zhejiang

Hangzhou

Rail Station

1,820

1,820

0

Shanghai

-

Rail Station

1,880

1,880

0

Sichuan

Chengdu

Rail Station

2,080

2,080

0

Liaoning

Dalian

FOB

1,748

1,748

0

Liaoning

Jinzhou

FOB

1,768

1,768

0

Guangdong

Shekou Port

CIF

1,850

1,850

0

Fujian

Fuzhou

CIF

1,620

1,600

-20

All prices are representative and are for reference only.
RMB1=US$0.1463 (Aug 7)

 
 
Market analysis
 
Corn prices softened by 0.20% on average as feed millers limited stockpiles while the poultry markets remained weak. Moreover, abundant availability of old corn stocks from the state reserves continuedto exert pressure on the market.
 
Meanwhile, there was news that of corn withdrew from Sinograin's warehouse in Haerbin was poor in quality with overly high moisture content.
 
 
Market forecast
 
Corn market is expected to stay around current levels with supplies of quality corn limited. Towards late August, demand will pick up as farmers fatten animals before release during the festive period in September.
 

 


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