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November 7, 2016
 
China Corn Weekly: Limited availability lends support to market (week ended Nov 4, 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 Oct 28 (RMB/tonne)

Price as of Nov 7 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,534

1,530

-4

Jilin

Changchun

Ex-warehouse

1,660

1,660

0

Liaoning

Shenyang

Ex-warehouse

1,650

1,650

0

Inner Mongolia

Tongliao

Ex-warehouse

1,660

1,660

0

Shandong

Dezhou

Ex-warehouse

1,710

1,702

-8

Shandong

Weifang

Ex-warehouse

1,732

1,722

-10

Hebei

Shijiazhuang

Ex-warehouse

1,690

1,666

-24

Henan

Zhengzhou

Ex-warehouse

1,712

1,742

30

Jiangsu

Xuzhou

Ex-warehouse

1,680

1,680

0

Shaanxi

Xi'an

Ex-warehouse

1,608

1,622

14

Jiangsu

Lianyungang

Rail Station

1,680

1,680

0

Zhejiang

Hangzhou

Rail Station

1,900

1,900

0

Shanghai

-

Rail Station

1,900

1,900

0

Sichuan

Chengdu

Rail Station

2,044

2,018

-26

Liaoning

Dalian

FOB

1,712

1,728

16

Liaoning

Jinzhou

FOB

1,712

1,728

16

Guangdong

Shekou Port

CIF

1,884

1,896

12

Fujian

Fuzhou

CIF

1,904

1,910

6

All prices are representative and are for reference only.
RMB1=US$0.1476 (Nov 7)

 

Market analysis
 
Prices of corn were stable to higher in most regions, where supplies were limited. However, in the northern parts of China, as more deliveries from the northeast arrived, corn prices in the region slid lately.
 
Overall, corn prices inched up 0.07% in China.
 
 
Market forecast
 
Prices of corn will likely stay stable in near term while farmers withhold releases with prices weak. However, with feed demand soft and the availability of corn set to increase due to the autumn harvest, corn market will be under pressure.
 

 


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