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Livestock & Feed Market

December 6, 2017
 
China Corn Weekly: Stable demand supports price hikes (week ended Dec 1, 2016)

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 Nov 24  (RMB/tonne)

Price as of Dec 4 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,490

1,500

10

Jilin

Changchun

Ex-warehouse

1,610

1,610

0

Liaoning

Shenyang

Ex-warehouse

1,610

1,650

40

Inner Mongolia

Tongliao

Ex-warehouse

1,500

1,530

30

Shandong

Dezhou

Ex-warehouse

1,700

1,700

0

Shandong

Weifang

Ex-warehouse

1,810

1,810

0

Hebei

Shijiazhuang

Ex-warehouse

1,700

1,700

0

Henan

Zhengzhou

Ex-warehouse

1,880

1,880

0

Jiangsu

Xuzhou

Ex-warehouse

1,850

1,850

0

Shaanxi

Xi'an

Ex-warehouse

1,850

1,850

0

Jiangsu

Lianyungang

Rail Station

1,690

1,710

20

Zhejiang

Hangzhou

Rail Station

1,790

1,800

10

Shanghai

-

Rail Station

1,840

1,840

0

Sichuan

Chengdu

Rail Station

2,060

2,020

-40

Liaoning

Dalian

FOB

1,690

1,690

0

Liaoning

Jinzhou

FOB

1,700

1,715

15

Guangdong

Shekou Port

CIF

1,830

1,840

10

Fujian

Fuzhou

CIF

1,820

1,840

20

All prices are representative and are for reference only.
RMB1=US$0.1511 (Dec 4)

 

Market analysis

Corn farmers continued to hold back releases in anticipation of better prices. As the demand from the deep processing industry was stable, prices of corn moved higher at a gradual pace.

On average, corn prices inched up 0.3-7% over the week.
 

Market forecast

Demand for corn is expected to be stable as the deep processing industry stockpile inventories. High quality corn, which is limited in availability, will see prices rise at a faster rate.
 

 


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