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December 23, 2011
 
China Corn Weekly: Trading picks up (week ended Dec 23, 2011)
 
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 Dec 16 (RMB/tonne)

Price as of Dec 23   (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

2,046

2,052

6

Jilin

Changchun

Ex-warehouse

2,120

2,128

8

Liaoning

Shenyang

Ex-warehouse

2,174

2,182

8

Inner Mongolia

Tongliao

Ex-warehouse

2,160

2,176

16

Shandong

Dezhou

Ex-warehouse

2,340

2,316

-24

Shandong

Weifang

Ex-warehouse

2,416

2,414

-2

Hebei

Shijiazhuang

Ex-warehouse

2,200

2,196

-4

Henan

Zhengzhou

Ex-warehouse

2,220

2,220

0

Jiangsu

Xuzhou

Ex-warehouse

2,292

2,414

122

Shaanxi

Xi'an

Ex-warehouse

2,180

2,180

0

Jiangsu

Lianyungang

Rail Station

2,354

2,380

26

Zhejiang

Hangzhou

Rail Station

2,430

2,400

-30

Shanghai

-

Rail Station

2,420

2,420

0

Sichuan

Chengdu

Rail Station

2,440

2,452

12

Liaoning

Dalian

FOB

2,296

2,310

14

Liaoning

Jinzhou

FOB

2,286

2,292

6

Guangdong

Shekou Port

CIF

2,426

2,414

-12

Fujian

Fuzhou

CIF

2,436

2,434

-2

All prices are representative and are for reference only.
RMB1=US$0.1578 (Dec 23)

 
 
Market analysis
 
Over the week, northeastern corn market strengthened further as deep processors stepped up purchases; while southern port prices retreated following the completion of festive restocking by feed millers.  
 
 
Market forecast
 
With government's stockpiling policy basically establishing the bottom prices, corn trade should accelerate in the near term as farmers are motivated to sell.
 
 


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