April 13, 2020
 
China Corn Weekly: Prices continueto rise(week ended Apr 10, 2020)
                                                                           
An eFeedLink Exclusive
 

Price summary

Prices increased further.
 

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

Region

City/ Port

Price type

Price as of
Apr 3
(RMB/tonne)

Price as of
Apr 10
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,768

1,806

38.00

Jilin

Changchun

Ex-warehouse

1,820

1,852

32.00

Liaoning

Shenyang

Ex-warehouse

1,886

1,902

16.00

Inner Mongolia

Tongliao

Ex-warehouse

1,836

1,840

4.00

Shandong

Heze

Ex-warehouse

1,980

2,008

28.00

Shandong

Weifang

Ex-warehouse

2,014

2,054

40.00

Hebei

Shijiazhuang

Ex-warehouse

1,900

1,916

16.00

Henan

Zhengzhou

Ex-warehouse

1,926

1,934

8.00

Jiangsu

Nanjing

Ex-warehouse

1,980

1,980

0.00

Shanxi

Yuncheng

Ex-warehouse

1,888

1,890

2.00

Liaoning

Bayuquan

Rail Station

1,988

2,004

16.00

Jiangsu

Nantong

Rail Station

1,981

2,003

22.00

Shanghai

-

Rail Station

2,110

2,110

0.00

Sichuan

Chengdu

Rail Station

2,160

2,160

0.00

Liaoning

Dalian

FOB

1,987

2,003

16.00

Liaoning

Jinzhou

FOB

1,993

2,004

11.00

Guangdong

Shekougang

CIF

2,046

2,044

-2.00

All prices are representative and are for reference only.
RMB1=US$0.1413 (Apr 13)

 

Market analysis
 
As corn traders held back releases, prices continued to move higher while buyers continued to expandinventories. Feed producers who anticipated poultry feed consumption to recover towards late April increased purchases as well.

 
Market forecast
 
Corm market will remain firm with supplies tight. Prices are set to stay strong as buyers eagerly build inventories.
 

 


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