August 22, 2016
China Corn Weekly: Market shows signs of stabilising (week endedAug 19, 2016)
An eFeedLink Exclusive
Price summary
Prices slid marginally.
|
Weekly transacted prices of second-grade corn in China (Moisture content 14%) | |||||
|
Region |
City/ Port |
Price type |
Price as of Aug 12 (RMB/tonne) |
Price as of Aug 19 (RMB/tonne) |
Price change (RMB/tonne) |
|
Heilongjiang |
Haerbin |
Ex-warehouse |
1,760 |
1,760 |
0 |
|
Jilin |
Changchun |
Ex-warehouse |
1,800 |
1,800 |
0 |
|
Liaoning |
Shenyang |
Ex-warehouse |
1,800 |
1,800 |
0 |
|
Inner Mongolia |
Tongliao |
Ex-warehouse |
1,820 |
1,820 |
0 |
|
Shandong |
Dezhou |
Ex-warehouse |
1,810 |
1,818 |
8 |
|
Shandong |
Weifang |
Ex-warehouse |
1,820 |
1,834 |
14 |
|
Hebei |
Shijiazhuang |
Ex-warehouse |
1,800 |
1,810 |
10 |
|
Henan |
Zhengzhou |
Ex-warehouse |
1,788 |
1,796 |
8 |
|
Jiangsu |
Xuzhou |
Ex-warehouse |
1,850 |
1,850 |
0 |
|
Shaanxi |
Xi'an |
Ex-warehouse |
1,760 |
1,774 |
14 |
|
Jiangsu |
Lianyungang |
Rail Station |
1,850 |
1,850 |
0 |
|
Zhejiang |
Hangzhou |
Rail Station |
1,980 |
1,962 |
-18 |
|
Shanghai |
- |
Rail Station |
1,980 |
1,962 |
-18 |
|
Sichuan |
Chengdu |
Rail Station |
2,100 |
2,078 |
-22 |
|
Liaoning |
Dalian |
FOB |
1,842 |
1,840 |
-2 |
|
Liaoning |
Jinzhou |
FOB |
1,842 |
1,840 |
-2 |
|
Guangdong |
Shekou Port |
CIF |
1,952 |
1,942 |
-10 |
|
Fujian |
Fuzhou |
CIF |
1,964 |
1,952 |
-12 |
|
All prices are representative and are for reference only. | |||||
Market analysis
Corn demand remained slack as feed producers were reluctant to stockpile inventories while deep processor made purchases as and when required. Nonetheless, the availability of corn was limited as most traders and farmers have cleared their stocks, helping to perk up prices in the northern and central regions.
On average, corn prices inched down 0.09% over the week.
Market forecast
The downward scope of the corn market is limited with supplies dwindling. With feed consumption set to expand due to the approaching of Mid-Autumn Festival,corn market is expected to strengthen moderately despite the cautious mood of feed millers and deep processors.
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