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Market Reports

October 3, 2018
 
China Corn Weekly: Market stays stable amid light trade (week ended Sep 28, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained firm.
 

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

Region

City/ Port

Price type

Price as of Sep 21 (RMB/tonne)

Price as of Sep 28 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,620

1,620

0

Jilin

Changchun

Ex-warehouse

1,660

1,660

0

Liaoning

Shenyang

Ex-warehouse

1,740

1,740

0

Inner Mongolia

Tongliao

Ex-warehouse

1,700

1,700

0

Shandong

Heze

Ex-warehouse

1,860

1,860

0

Shandong

Weifang

Ex-warehouse

1,920

1,910

-10

Hebei

Shijiazhuang

Ex-warehouse

1,850

1,850

0

Henan

Zhengzhou

Ex-warehouse

1,840

1,840

0

Jiangsu

Nanjing

Ex-warehouse

1,960

1,960

0

Shanxi

Yuncheng

Ex-warehouse

1,820

1,820

0

Liaoning

Bayuquan

Rail Station

1,818

1,818

0

Jiangsu

Nantong

Rail Station

1,920

1,920

0

Shanghai

-

Rail Station

1,950

1,940

-10

Sichuan

Chengdu

Rail Station

2,080

2,080

0

Liaoning

Dalian

FOB

1,818

1,818

0

Liaoning

Jinzhou

FOB

1,848

1,848

0

Guangdong

Shekougang

CIF

1,930

1,940

10

Fujian

Fuzhou

CIF

/

/

/

All prices are representative and are for reference only.
RMB1=US$0.1456 (Oct 3)

 
 
Market analysis
 
Corn prices were mostly unchanged during the week in review. Trade was limited as industry players prepared for the long break during early October. As supplies of 2017 corn were scarce, deep processors started to source for newly harvested grains, which were limited in availability as well.
 
 
Market forecast
 
Aft ether one-week break during early October, corn prices are seen stable. As newly harvested crops will be ready for sale soon, corn prices are less likely to surge drastically. However, the downward scope of corn market is limited with the total harvest volume lower than forecasted.
 

 


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