April 7, 2020

China Corn Weekly: Strengthening prices amid dwindling availability (week ended Apr 3, 2020)
 
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Price summary

Prices moved higher.
 

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

Region

City/ Port

Price type

Price as of
Mar 27
(RMB/tonne)

Price as of
Apr 3
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1765

1768

3

Jilin

Changchun

Ex-warehouse

1788

1820

32

Liaoning

Shenyang

Ex-warehouse

1854

1886

32

Inner Mongolia

Tongliao

Ex-warehouse

1820

1836

16

Shandong

Heze

Ex-warehouse

1920

1980

60

Shandong

Weifang

Ex-warehouse

1970

2014

44

Hebei

Shijiazhuang

Ex-warehouse

1888

1900

12

Henan

Zhengzhou

Ex-warehouse

1912

1926

14

Jiangsu

Nanjing

Ex-warehouse

1980

1980

0

Shanxi

Yuncheng

Ex-warehouse

1880

1888

8

Liaoning

Bayuquan

Rail Station

1955

1988

33

Jiangsu

Nantong

Rail Station

1955

1981

26

Shanghai

-

Rail Station

2110

2110

0

Sichuan

Chengdu

Rail Station

2160

2160

0

Liaoning

Dalian

FOB

1955

1987

32

Liaoning

Jinzhou

FOB

1954

1993

39

Guangdong

Shekougang

CIF

2004

2046

42

All prices are representative and are for reference only.
RMB1=US$0.1413 (Apr 7)

 
 
Market analysis

Corn prices strengthened while deep processors restocked depleting inventories as supplies dwindled. Traders withheld releases as in view of stronger prices while feed millers limited buying cautiously with livestock feed consumption slow.
 

Market forecast

Supplies of corn will tighten as most farmers have cleared their stocks. This, in conjunction with some countries banning grains exports, will hold up China corn prices.
 

 


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