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Livestock & Feed Market

November 5, 2018

China Corn Weekly: Prices firm up n tight availability (week ended Nov 2, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.
 

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

Region

City/ Port

Price type

Price as of Oct 26 (RMB/tonne)

Price as of Nov 2 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,660

1,670

10

Jilin

Changchun

Ex-warehouse

1,670

1,690

20

Liaoning

Shenyang

Ex-warehouse

1,740

1,770

30

Inner Mongolia

Tongliao

Ex-warehouse

1,690

1,750

60

Shandong

Heze

Ex-warehouse

1,860

1,860

0

Shandong

Weifang

Ex-warehouse

1,870

1,870

0

Hebei

Shijiazhuang

Ex-warehouse

1,860

1,880

20

Henan

Zhengzhou

Ex-warehouse

1,910

1,910

0

Jiangsu

Nanjing

Ex-warehouse

1,950

1,990

40

Shanxi

Yuncheng

Ex-warehouse

1,820

1,840

20

Liaoning

Bayuquan

Rail Station

1,838

1,898

60

Jiangsu

Nantong

Rail Station

1,920

1,960

40

Shanghai

-

Rail Station

1,920

1,960

40

Sichuan

Chengdu

Rail Station

2,130

2,150

20

Liaoning

Dalian

FOB

1,838

1,898

60

Liaoning

Jinzhou

FOB

1,838

1,868

30

Guangdong

Shekougang

CIF

1,960

1,980

20

Fujian

Fuzhou

CIF

/

/

/

All prices are representative and are for reference only.
RMB1=US$0.1447 (Nov 5)

 
 
Market analysis
 
The quantity of newly harvested corn was ready for sale at a pace slower than anticipated. In some parts of the production regions, harvesting was delayed considerably. Hence, even as buyers held back purchases, tight availability strengthened the prices of corn, albeit by a marginal 0.32%.
 
 
Market forecast
 
As the corn harvests are delayed, prices are set to remain firm in the near term. Moreover, most famers who have harvested their crops are holding back releases in view of stronger prices in the upcoming period.
 

 


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