March 31, 2020
 
China Corn Weekly: Market stays firm on tight availability(week ended Mar 27, 2020)
                                                                           
An eFeedLink Exclusive
 

Price summary

Prices were stable to higher.
 

Weekly transacted prices of second-grade corn in China (Moisture content 14%)

Region

City/ Port

Price type

Price as of
Mar 20
(RMB/tonne)

Price as of
Mar 27
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,765

1,765

0.00

Jilin

Changchun

Ex-warehouse

1,780

1,788

8.00

Liaoning

Shenyang

Ex-warehouse

1,830

1,854

24.00

Inner Mongolia

Tongliao

Ex-warehouse

1,816

1,820

4.00

Shandong

Heze

Ex-warehouse

1,900

1,920

20.00

Shandong

Weifang

Ex-warehouse

1,975

1,970

-5.00

Hebei

Shijiazhuang

Ex-warehouse

1,880

1,888

8.00

Henan

Zhengzhou

Ex-warehouse

1,910

1,912

2.00

Jiangsu

Nanjing

Ex-warehouse

2,020

1,980

-40.00

Shanxi

Yuncheng

Ex-warehouse

1,892

1,880

-12.00

Liaoning

Bayuquan

Rail Station

1,945

1,955

10.00

Jiangsu

Nantong

Rail Station

1,945

1,955

10.00

Shanghai

-

Rail Station

2,110

2,110

0.00

Sichuan

Chengdu

Rail Station

2,160

2,160

0.00

Liaoning

Dalian

FOB

1,945

1,955

10.00

Liaoning

Jinzhou

FOB

1,950

1,954

4.00

Guangdong

Shekougang

CIF

1,998

2,004

6.00

All prices are representative and are for reference only.
RMB1=US$0.1411 (Mar 31)

 
 
Market analysis
 
Buyers were cautious with purchases in the north as corn quality was not up to expectations with moisture content high. However, with supply limited, particularly in the south, corn prices remained firm during the period in review.
 

Market forecast
 
Feed producers will be prudent with corn purchases as the demand for livestock feed stayed sluggish due to low animal inventories. Corn prices are seen stable with supplies tight but sharp rise in prices are less likely.
 

 


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