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November 14, 2016
 
China Corn Weekly: Prices consolidate within a narrow range(week ended Nov 11, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Price movement was limited.
 

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

Region

City/ Port

Price type

Price as of Nov 7 (RMB/tonne)

Price as of Nov 14 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,530

1,518

-12

Jilin

Changchun

Ex-warehouse

1,660

1,642

-18

Liaoning

Shenyang

Ex-warehouse

1,650

1,632

-18

Inner Mongolia

Tongliao

Ex-warehouse

1,660

1,642

-18

Shandong

Dezhou

Ex-warehouse

1,702

1,682

-20

Shandong

Weifang

Ex-warehouse

1,722

1,702

-20

Hebei

Shijiazhuang

Ex-warehouse

1,666

1,652

-14

Henan

Zhengzhou

Ex-warehouse

1,742

1,750

8

Jiangsu

Xuzhou

Ex-warehouse

1,680

1,680

0

Shaanxi

Xi'an

Ex-warehouse

1,622

1,636

14

Jiangsu

Lianyungang

Rail Station

1,680

1,680

0

Zhejiang

Hangzhou

Rail Station

1,900

1,908

8

Shanghai

-

Rail Station

1,900

1,908

8

Sichuan

Chengdu

Rail Station

2,018

2,008

-10

Liaoning

Dalian

FOB

1,728

1,730

2

Liaoning

Jinzhou

FOB

1,728

1,730

2

Guangdong

Shekou Port

CIF

1,896

1,916

20

Fujian

Fuzhou

CIF

1,910

1,944

34

All prices are representative and are for reference only.
RMB1=US$0.1457 (Nov 14)

 
 
Market analysis
 
Corn demand showed little signs of improving as poultry feed producers continued to limit buying. Although markets stayed firm in most consumption regions, prices fell in the production regions amid sufficient supplies.
 
On average, corn prices slid 0.11% over the week.
 

Market forecast
 
The upward scope of corn market will be limited as more crops will be ready for sale in the coming weeks. Moreover, demand is expected to be soft with feed millers treading cautiously.
 

 

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