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December 19, 2016
 
China Corn Weekly: Higher availability weakens prices(week ended Dec 16, 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 Dec 9 (RMB/tonne)

Price as of Dec 16 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,500

1,500

0

Jilin

Changchun

Ex-warehouse

1,614

1,614

-6

Liaoning

Shenyang

Ex-warehouse

1,620

1,620

0

Inner Mongolia

Tongliao

Ex-warehouse

1,624

1,624

-6

Shandong

Dezhou

Ex-warehouse

1,700

1,700

0

Shandong

Weifang

Ex-warehouse

1,702

1,702

-18

Hebei

Shijiazhuang

Ex-warehouse

1,650

1,650

-2

Henan

Zhengzhou

Ex-warehouse

1,760

1,760

0

Jiangsu

Xuzhou

Ex-warehouse

1,800

1,800

0

Shaanxi

Xi'an

Ex-warehouse

1,660

1,660

0

Jiangsu

Lianyungang

Rail Station

1,800

1,800

0

Zhejiang

Hangzhou

Rail Station

1,946

1,946

-4

Shanghai

-

Rail Station

1,946

1,946

-4

Sichuan

Chengdu

Rail Station

1,992

1,992

-36

Liaoning

Dalian

FOB

1,710

1,710

-24

Liaoning

Jinzhou

FOB

1,710

1,710

-24

Guangdong

Shekou Port

CIF

1,940

1,940

-2

Fujian

Fuzhou

CIF

1,950

1,950

-16

All prices are representative and are for reference only.
RMB1=US$0.1440 (Dec 19)

 
 
Market analysis
 
More autumn crops were available for sale whereas the transportation schedule improved. Consequently, corn availability increased considerably exerting pressure on the market while the production of poultry feed was limited
 
Prices of corn softened in several regions, dragging down the weekly average price by 0.45%.
 
 
Market forecast
 
Corn prices are seen soft amid ample availability. Although increased animal feed consumption should perk up the demand for corn, it is unlikely to be exceptionally strong as feed millers tread prudently with the outlook of the livestock markets uncertain.
 

 


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