October 3, 2011
 
China Corn Weekly: Prices soften in some regions (week ended Sept 30, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were lower in some regions.
 

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

Region

City/ Port

Price type

Price as of Sep 23 (RMB/tonne)

Price as of Sep 30 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

2,300

2,296

-4

Jilin

Changchun

Ex-warehouse

2,340

2,342

2

Liaoning

Shenyang

Ex-warehouse

2,364

2,380

16

Inner Mongolia

Tongliao

Ex-warehouse

2,336

2,380

44

Shandong

Dezhou

Ex-warehouse

2,536

2,528

-8

Shandong

Weifang

Ex-warehouse

2,576

2,566

-10

Hebei

Shijiazhuang

Ex-warehouse

2,460

2,456

-4

Henan

Zhengzhou

Ex-warehouse

2,492

2,474

-18

Jiangsu

Xuzhou

Ex-warehouse

2,512

2,560

48

Shaanxi

Xi'an

Ex-warehouse

2,260

2,260

0

Jiangsu

Lianyungang

Rail Station

2,550

2,590

40

Zhejiang

Hangzhou

Rail Station

2,588

2,600

12

Shanghai

-

Rail Station

2,602

2,610

8

Sichuan

Chengdu

Rail Station

2,632

2,640

8

Liaoning

Dalian

FOB

2,490

2,502

12

Liaoning

Jinzhou

FOB

2,480

2,480

0

Guangdong

Shekou Port

CIF

2,584

2,569

-15

Fujian

Fuzhou

CIF

2,632

2,610

-22

All prices are representative and are for reference only.
RMB1=US$0.1568 (Oct 3)

 
 
Market analysis
 
Corn prices weakened in north China including Shandong, Hebei, Henan and Heilongjiang as traders eagerly released old stocks before new crops hit the market. In most consumption regions, where supplies remained tight, corn prices were stable to higher.
 
 
Market forecast
 
The upward potential of China's corn market will be limited by selling of autumn crops in the coming period. However, corn prices are seen firm in the longer term due to tight supplies.
 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.