May 8, 2017
 
China Corn Weekly: Market stays firm on limited supply (week ended May 5, 2016)
 
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 Apr 28 (RMB/tonne)

Price as of May 5 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,414

1,420

6

Jilin

Changchun

Ex-warehouse

1,524

1,530

6

Liaoning

Shenyang

Ex-warehouse

1,562

1,570

8

Inner Mongolia

Tongliao

Ex-warehouse

1,568

1,580

12

Shandong

Dezhou

Ex-warehouse

1,630

1,630

0

Shandong

Weifang

Ex-warehouse

1,650

1,650

0

Hebei

Shijiazhuang

Ex-warehouse

1,640

1,640

0

Henan

Zhengzhou

Ex-warehouse

1,620

1,620

0

Jiangsu

Xuzhou

Ex-warehouse

1,684

1,690

6

Shaanxi

Xi'an

Ex-warehouse

1,640

1,640

0

Jiangsu

Lianyungang

Rail Station

1,684

1,690

6

Zhejiang

Hangzhou

Rail Station

1,734

1,740

6

Shanghai

-

Rail Station

1,734

1,740

6

Sichuan

Chengdu

Rail Station

1,904

1,935

31

Liaoning

Dalian

FOB

1,622

1,630

8

Liaoning

Jinzhou

FOB

1,624

1,630

6

Guangdong

Shekou Port

CIF

1,720

1,720

0

Fujian

Fuzhou

CIF

1,710

1,710

0

All prices are representative and are for reference only.
RMB1=US$0.1448 (May 8)

 
 
Market analysis
 
Supplies of corn stayed tight as the state corn auction was not confirmed while traders withheld releases. Even though buyers limited purchases in view of higher availability ahead, prices of corn continued to move higher.
 
Over the week, corn prices increased 0.34% on average.
 
 
Market forecast
 
Demand for corn is unlikely to be strong after the May Day holidays. This will limit the upward scope of corn market despite tight availability.
 


 
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