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August 22, 2016
 
China Corn Weekly: Market shows signs of stabilising (week endedAug 19, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices slid marginally.
 

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

Region

City/ Port

Price type

Price as of Aug 12   (RMB/tonne)

Price as of Aug 19   (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,760

1,760

0

Jilin

Changchun

Ex-warehouse

1,800

1,800

0

Liaoning

Shenyang

Ex-warehouse

1,800

1,800

0

Inner Mongolia

Tongliao

Ex-warehouse

1,820

1,820

0

Shandong

Dezhou

Ex-warehouse

1,810

1,818

8

Shandong

Weifang

Ex-warehouse

1,820

1,834

14

Hebei

Shijiazhuang

Ex-warehouse

1,800

1,810

10

Henan

Zhengzhou

Ex-warehouse

1,788

1,796

8

Jiangsu

Xuzhou

Ex-warehouse

1,850

1,850

0

Shaanxi

Xi'an

Ex-warehouse

1,760

1,774

14

Jiangsu

Lianyungang

Rail Station

1,850

1,850

0

Zhejiang

Hangzhou

Rail Station

1,980

1,962

-18

Shanghai

-

Rail Station

1,980

1,962

-18

Sichuan

Chengdu

Rail Station

2,100

2,078

-22

Liaoning

Dalian

FOB

1,842

1,840

-2

Liaoning

Jinzhou

FOB

1,842

1,840

-2

Guangdong

Shekou Port

CIF

1,952

1,942

-10

Fujian

Fuzhou

CIF

1,964

1,952

-12

All prices are representative and are for reference only.
RMB1=US$0.1497 (Aug 22)

 
 
Market analysis
 
Corn demand remained slack as feed producers were reluctant to stockpile inventories while deep processor made purchases as and when required. Nonetheless, the availability of corn was limited as most traders and farmers have cleared their stocks, helping to perk up prices in the northern and central regions.
 
On average, corn prices inched down 0.09% over the week.
 
 
Market forecast
 
The downward scope of the corn market is limited with supplies dwindling. With feed consumption set to expand due to the approaching of Mid-Autumn Festival,corn market is expected to strengthen moderately despite the cautious mood of feed millers and deep processors.
 

 

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