August 8, 2016
 
China Corn Weekly: Prices slide further(week endedAug 5, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices dropped further.
 

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

Region

City/ Port

Price type

Price as of Jul 29     (RMB/tonne)

Price as of Aug 5   (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,772

1,760

-12

Jilin

Changchun

Ex-warehouse

1,832

1,804

-28

Liaoning

Shenyang

Ex-warehouse

1,832

1,804

-28

Inner Mongolia

Tongliao

Ex-warehouse

1,832

1,820

-12

Shandong

Dezhou

Ex-warehouse

1,828

1,810

-18

Shandong

Weifang

Ex-warehouse

1,834

1,820

-14

Hebei

Shijiazhuang

Ex-warehouse

1,808

1,800

-8

Henan

Zhengzhou

Ex-warehouse

1,800

1,800

0

Jiangsu

Xuzhou

Ex-warehouse

1,850

1,850

0

Shaanxi

Xi'an

Ex-warehouse

1,760

1,760

0

Jiangsu

Lianyungang

Rail Station

1,850

1,850

0

Zhejiang

Hangzhou

Rail Station

1,980

1,980

0

Shanghai

-

Rail Station

1,980

1,980

0

Sichuan

Chengdu

Rail Station

2,108

2,100

-8

Liaoning

Dalian

FOB

1,868

1,850

-18

Liaoning

Jinzhou

FOB

1,868

1,850

-18

Guangdong

Shekou Port

CIF

1,968

1,960

-8

Fujian

Fuzhou

CIF

1,994

1,980

-14

All prices are representative and are for reference only.
RMB1=US$0.1502 (Aug 8)

 
 
Market analysis
 
Corn market weakened further with demand slack and the supplies from state auction stable. Traders who still possessed corn stocks were eager to release inventories and cut prices readily over the week.
 
On average, corn prices dipped another 0.55%.
 
 
Market forecast
 
With the broiler sector staying soft, feed millers will be reluctant to increase the stockpile of corn while poultry feed sales are slow. This, together with ample availability, will continue to limit the upward scope of the corn market in the near term.
 
 


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