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December 5, 2016
 
China Corn Weekly: Cautious mood holds prices flat (week ended Dec 2, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.
 

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

Region

City/ Port

Price type

Price as of Nov 25 (RMB/tonne)

Price as of Dec 2 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,504

1,500

-4

Jilin

Changchun

Ex-warehouse

1,624

1,620

-4

Liaoning

Shenyang

Ex-warehouse

1,620

1,620

0

Inner Mongolia

Tongliao

Ex-warehouse

1,630

1,630

0

Shandong

Dezhou

Ex-warehouse

1,718

1,700

-18

Shandong

Weifang

Ex-warehouse

1,738

1,720

-18

Hebei

Shijiazhuang

Ex-warehouse

1,660

1,652

-8

Henan

Zhengzhou

Ex-warehouse

1,756

1,760

4

Jiangsu

Xuzhou

Ex-warehouse

1,770

1,800

30

Shaanxi

Xi'an

Ex-warehouse

1,660

1,660

0

Jiangsu

Lianyungang

Rail Station

1,770

1,800

30

Zhejiang

Hangzhou

Rail Station

1,946

1,950

4

Shanghai

-

Rail Station

1,946

1,950

4

Sichuan

Chengdu

Rail Station

2,036

2,028

-8

Liaoning

Dalian

FOB

1,740

1,734

-6

Liaoning

Jinzhou

FOB

1,740

1,734

-6

Guangdong

Shekou Port

CIF

1,966

1,942

-24

Fujian

Fuzhou

CIF

1,986

1,966

-20

All prices are representative and are for reference only.
RMB1=US$0.1452 (Dec 5)

 
 
Market analysis
 
Corn prices moved within a narrow range, inching down 0.14% on average.
 
Transportation difficulties continued to delay deliveries of corn, resulting in tight availability in some regions. However, feed demand remained slack, prompting buyers to stay prudent in the consumption regions, holding prices weak.
 

Market forecast
 
Corn farmers will continue to hold back releases, helping the market to keep prices firm in conjunction with slow deliveries. However, with buyers treading cautiously, prices are less likely to surge in the coming period.
 
 


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