January 9, 2017
China Corn Weekly: Slack post-New Year demand softens market (week ended Jan 6, 2016)
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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 30 (RMB/tonne) |
Price as of Jan 6 (RMB/tonne) |
Price change (RMB/tonne) |
|
Heilongjiang |
Haerbin |
Ex-warehouse |
1,450 |
1,450 |
0 |
|
Jilin |
Changchun |
Ex-warehouse |
1,540 |
1,540 |
0 |
|
Liaoning |
Shenyang |
Ex-warehouse |
1,550 |
1,550 |
0 |
|
Inner Mongolia |
Tongliao |
Ex-warehouse |
1,550 |
1,550 |
0 |
|
Shandong |
Dezhou |
Ex-warehouse |
1,700 |
1,700 |
0 |
|
Shandong |
Weifang |
Ex-warehouse |
1,680 |
1,680 |
0 |
|
Hebei |
Shijiazhuang |
Ex-warehouse |
1,650 |
1,650 |
0 |
|
Henan |
Zhengzhou |
Ex-warehouse |
1,700 |
1,683 |
-18 |
|
Jiangsu |
Xuzhou |
Ex-warehouse |
1,792 |
1,780 |
-12 |
|
Shaanxi |
Xi'an |
Ex-warehouse |
1,620 |
1,620 |
0 |
|
Jiangsu |
Lianyungang |
Rail Station |
1,792 |
1,780 |
-12 |
|
Zhejiang |
Hangzhou |
Rail Station |
1,872 |
1,818 |
-54 |
|
Shanghai |
- |
Rail Station |
1,872 |
1,818 |
-54 |
|
Sichuan |
Chengdu |
Rail Station |
1,920 |
1,913 |
-7 |
|
Liaoning |
Dalian |
FOB |
1,560 |
1,530 |
-30 |
|
Liaoning |
Jinzhou |
FOB |
1,560 |
1,530 |
-30 |
|
Guangdong |
Shekou Port |
CIF |
1,738 |
1,695 |
-43 |
|
Fujian |
Fuzhou |
CIF |
1,754 |
1,708 |
-47 |
|
All prices are representative and are for reference only. | |||||
Market analysis
Corn farmers, who were eager to clear stocks before the long Chinese New Year holidays, negotiated prices readily.
However, sales of corn remained slow after the New Year holidays, exerting pressure on prices, particularly in the consumption regions. Moreover, imports of sorghum and wheat are expected to increase, hence curtailing the demand for corn in the southern region.
Overall, corn prices dipped 1% during the period in review.
Market forecast
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