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September 5, 2017
 
China Corn Weekly: Prices stay firm, rise 3% in August (week ended Sep 1, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to higher.
 

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

Region

City/ Port

Price type

Price as of Aug 25 (RMB/tonne)

Price as of Sep 1 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,580

1,580

0

Jilin

Changchun

Ex-warehouse

1,610

1,610

0

Liaoning

Shenyang

Ex-warehouse

1,700

1,700

0

Inner Mongolia

Tongliao

Ex-warehouse

1,490

1,490

0

Shandong

Dezhou

Ex-warehouse

1,740

1,710

-30

Shandong

Weifang

Ex-warehouse

1,770

1,790

20

Hebei

Shijiazhuang

Ex-warehouse

1,760

1,760

0

Henan

Zhengzhou

Ex-warehouse

1,850

1,850

0

Jiangsu

Xuzhou

Ex-warehouse

1,780

1,780

0

Shaanxi

Xi'an

Ex-warehouse

1,820

1,850

30

Jiangsu

Lianyungang

Rail Station

1,700

1,720

20

Zhejiang

Hangzhou

Rail Station

1,760

1,760

0

Shanghai

-

Rail Station

1,900

1,900

0

Sichuan

Chengdu

Rail Station

2,000

1,980

-20

Liaoning

Dalian

FOB

1,710

1,730

20

Liaoning

Jinzhou

FOB

1,700

1,730

30

Guangdong

Shekou Port

CIF

1,780

1,780

0

Fujian

Fuzhou

CIF

1,780

1,780

0

All prices are representative and are for reference only.
RMB1=US$0.1534 (Sep 5)

 
 
Market analysis
 
Although the government continued to release corn stocks from the state reserves for auction, supplies of soymeal remained tight as environmental inspections hampered production in the northern region. Soymeal prices increased 0.23% on average.
 
Over the past one month, corn prices have rose by 3.3% on the back of limited availability.
 
 
Market forecast
 
Demand for corn is expected to expand as feed millers step up production in the coming period in preparation for pre-Mid-Autumn Festival market.  This, in conjunction with dwindling supplies of soymeal in the market, will support corn prices to remain firm.
 


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