The agribusiness knowledge provider

December 30, 2011
 
China Corn Weekly: Prices show regional disparities (week ended Dec 30, 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 23 (RMB/tonne)

Price as of Dec 30  (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

2,052

2,080

28

Jilin

Changchun

Ex-warehouse

2,128

2,138

10

Liaoning

Shenyang

Ex-warehouse

2,182

2,186

4

Inner Mongolia

Tongliao

Ex-warehouse

2,176

2,180

4

Shandong

Dezhou

Ex-warehouse

2,316

2,292

-24

Shandong

Weifang

Ex-warehouse

2,414

2,388

-26

Hebei

Shijiazhuang

Ex-warehouse

2,196

2,164

-32

Henan

Zhengzhou

Ex-warehouse

2,220

2,220

0

Jiangsu

Xuzhou

Ex-warehouse

2,414

2,420

6

Shaanxi

Xi'an

Ex-warehouse

2,180

2,176

-4

Jiangsu

Lianyungang

Rail Station

2,380

2,380

0

Zhejiang

Hangzhou

Rail Station

2,400

2,400

0

Shanghai

-

Rail Station

2,420

2,428

8

Sichuan

Chengdu

Rail Station

2,452

2,500

48

Liaoning

Dalian

FOB

2,310

2,326

16

Liaoning

Jinzhou

FOB

2,292

2,314

22

Guangdong

Shekou Port

CIF

2,414

2,414

0

Fujian

Fuzhou

CIF

2,434

2,456

22

All prices are representative and are for reference only.
RMB1=US$0.1578 (Dec 30)

 

Market analysis
 
Northeastern deep processors continued to hike corn prices in bids to secure supplies, while higher corn releases pressured northern prices in Shandong and Hebei. Port prices picked up over the week as traders' buying interest was high.
 
 
Market forecast
 
With industrial demand staying strong, corn market is poised to stand firm in the short term.
 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
Subscribe To eFeedLink 
Copyright ©2017 eFeedLink. All rights reserved.
Find us on FacebookFind us on Twitter