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Price summary
Prices were lower in most areas.
|
Weekly transacted prices of second-grade corn in China (Moisture content 14%) | ||||
|
Region |
Price type |
Price as of Oct 24(RMB/tonne) |
Price as of Oct 17 (RMB/tonne) |
Price change(RMB/tonne) |
|
Heilongjiang |
Ex-warehouse |
1,520-1,560 |
1,520-1,560 |
0 |
|
Jilin |
Ex-warehouse |
1,350 new |
1,350 |
0 |
|
Dalian Port |
FOB |
1,670 |
1,690 |
-20 |
|
Hebei |
Delivery Price |
1,620 |
1,640 |
-20 |
|
Henan |
Delivery Price |
1,500 new |
1,540 |
-40 |
|
Shanxi |
Ex-warehouse |
1,420 new |
1,450 |
-30 |
|
Shandong |
Delivered-to-feedmill |
1,620 new |
1,640 |
-20 |
|
Jiangsu |
Rail Station |
1,780 |
1,780 |
0 |
|
Shanghai |
Rail Station |
1,800 |
1,820 |
-20 |
|
Zhejiang |
Rail Station |
1,820 |
1,830 |
-10 |
|
Jiangxi |
Rail Station |
1,820 |
1,820 |
0 |
|
Hunan |
Rail Station |
1,880 |
1,880 |
0 |
|
Hubei |
Rail Station |
1,840 |
1,840 |
0 |
|
Sichuan |
Rail Station |
1,750 |
1,780 |
-30 |
|
Guangdong |
CIF |
1,770 |
1,790 |
-20 |
|
Southern part of Guangxi |
CIF |
1,860 |
1,880 |
-20 |
|
Fujian |
CIF |
1,810 |
1,830 |
-20 |
|
All prices are representative and are for reference only.
RMB1=US$0.1462 (Oct 27) | ||||
Market analysis
Corn prices fell further with more supplies of new crops on the market.
The government procured a total of 5 million tonnes of corn at RMB1,500/tonne in the northeastern region and Inner Mongolia. This, however, failed to stimulate buying interest in the open market.
Market forecast
 |
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