Septemer 8, 2005
Corn prices in China remain generally stable; move within a narrow range in some regions (Sep 8, 2005)
An eFeedLink exclusive report
Corn prices in China remained generally stable, and moved within a narrow range in some regions early this week.
Prices generally remained firm in the north-eastern production regions.
On September 8, 500,000 tonnes of old crop corn put up for auction in Jilin province only had minimal impact on local market prices.
Corn supplies in some areas within the southern consumption regions were abundant, following a significant release of new crop corn into local markets there. Thus, corn prices in those areas have consequently fallen in recent days.
Meanwhile, corn prices at Chinese ports continued to edge higher, due to a recent rise in China's ocean freight rate for domestic deliveries and fall in shipment arrival volumes there.
|
China's Corn Price Update | ||
|
Region |
Moisture Content |
Price (RMB/tonne) |
|
Northeast China |
|
Ex-warehouse Price |
|
|
14% |
1,070-1,100 |
|
|
14% |
1,120-1,130 |
|
|
14% |
1,140-1,150 |
|
|
14% |
1,130 |
|
|
|
Ex-warehouse Price |
|
|
14% |
1,230-1,240 |
|
|
14% |
1,230-1,240 |
|
|
|
Delivery Price |
|
Shandong |
14% |
1,250-1,260 |
|
Jiangsu, zhejiang & Shanghai |
14% |
1,280-1,320 (Rail Station Price/CIF) |
|
Central China |
|
Rail Station Price |
|
Hubei |
14% |
1,330 |
|
Southwest China |
|
Rail Station Price |
|
Sichuan |
14% |
1,340 |
|
Northern Ports |
|
FOB |
|
Dalian port |
14% |
1,230 |
|
Qinghuangdao port |
14% |
1,230 |
|
Southern Ports |
|
Port Transaction Price |
|
Shekou port in Shenzhen |
14% |
1,330 |
|
Huangpu port in Guangzhou |
14% |
1,320 |
|
Quanzhou port in Fujian |
14% |
1,330 |
|
Xiamen port in Fujian |
14% |
1,340 |
| Prices are representative and for reference only | ||
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