September 29, 2005
Corn prices in China generally move within narrow range and edge higher in some regions (Sep 29, 2005)
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Corn prices in China generally moved within a narrow range early this week.
Corn prices generally remained firm in the north-eastern production regions as new crop corn was not yet released into local markets.
As limited quantities of new crop corn were released into local markets in the Yellow / Huai River production regions, market supplies there remained tight. Corn prices consequently continued to edge higher in some areas there.
With limited quantities of corn delivered from the north-eastern production regions to the southern consumption regions, corn prices in the southern consumption regions consequently edged higher.
Meanwhile, with an increase in arrival volumes of corn from northern to southern Chinese ports, corn prices at southern ports continued moving lower.
|
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% |
1,260 |
|
|
14% |
1,260 |
|
|
¡¡ |
Delivery Price |
|
|
14% |
1,300-1,310 |
|
Jiangsu, Zhejiang & Shanghai |
14% |
1,330-1,350 (Rail Station Price/CIF) |
|
|
¡¡ |
Rail Station Price |
|
|
14% |
1,350 |
|
|
¡¡ |
Rail Station Price |
|
|
14% |
1,370 |
|
Northern Ports |
¡¡ |
FOB |
|
Dalian port |
14% |
1,260 |
|
Qinghuangdao port |
14% |
1,260 |
|
Southern Ports |
¡¡ |
Port Transaction Price |
|
Shekou port in Shenzhen |
14% |
1,370 |
|
Huangpu port in Guangzhou |
14% |
1,380 |
|
Quanzhou port in Fujian |
14% |
1,390 |
|
Xiamen port in Fujian |
14% |
1,390 |
| Prices are representative and for reference only | ||
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