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 |
|
2,490 |
2,502 |
12 |
|
Liaoning |
Jinzhou |
|
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. | |||||
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.
