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September 12, 2016
 
China Corn Weekly: Increased availability weighs on prices (week ended Sep 9, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mixed.
 

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

Region

City/ Port

Price type

Price as of Sep 2 (RMB/tonne)

Price as of Sep 9 (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

1,840

1,840

0

Shandong

Dezhou

Ex-warehouse

1,860

1,838

-22

Shandong

Weifang

Ex-warehouse

1,850

1,834

-16

Hebei

Shijiazhuang

Ex-warehouse

1,830

1,812

-18

Henan

Zhengzhou

Ex-warehouse

1,812

1,804

-8

Jiangsu

Xuzhou

Ex-warehouse

1,850

1,856

6

Shaanxi

Xi'an

Ex-warehouse

1,780

1,756

-24

Jiangsu

Lianyungang

Rail Station

1,850

1,856

6

Zhejiang

Hangzhou

Rail Station

1,976

1,980

4

Shanghai

-

Rail Station

1,976

1,980

4

Sichuan

Chengdu

Rail Station

2,094

2,100

6

Liaoning

Dalian

FOB

1,840

1,840

0

Liaoning

Jinzhou

FOB

1,840

1,840

0

Guangdong

Shekou Port

CIF

1,960

1,988

28

Fujian

Fuzhou

CIF

1,958

1,970

12

All prices are representative and are for reference only.
RMB1=US$0.1496 (Sep 12)

 
 
Market analysis
 
More crops were available in the northern region, where corn harvests were early, dragging down prices as a result. Nonetheless, markets remained firmin other regions with supplies of quality corntight.
 
Overall, corn prices inched lower 0.07% over the week.
 
 
Market forecast
 
The supply of spring corn from the northern region has peaked lately, meaning the downward pressure on the market should ease in the coming period. With feed millers stockpiling inventories before the long October holidays, corn prices are seen stable to moderately higher.
 

 


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