November 10, 2008
China Corn Weekly: Prices lower as supplies exceed demand (week ended Nov 9, 2008)
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 Nov 9 (RMB/tonne) |
Price as of Nov 2 (RMB/tonne) |
Price change(RMB/tonne) |
|
|
Ex-warehouse |
1,520-1,560 |
1,520-1,560 |
0 |
|
|
Ex-warehouse |
1,350 |
1,350 |
0 |
|
|
FOB |
1,600 |
1,640 |
-40 |
|
|
Delivery Price |
1,580 |
1,600 |
-20 |
|
|
Delivery Price |
1,500 |
1,500 |
0 |
|
|
Ex-warehouse |
1,420 |
1,420 |
0 |
|
|
Delivered-to-feedmill |
1,580 |
1,600 |
-20 |
|
|
Rail Station |
1,700 |
1,700 |
0 |
|
|
Rail Station |
1,740 |
1,740 |
0 |
|
|
Rail Station |
1,820 |
1,820 |
0 |
|
|
Rail Station |
1,820 |
1,820 |
0 |
|
|
Rail Station |
1,860 |
1,860 |
0 |
|
|
Rail Station |
1,820 |
1,840 |
-20 |
|
|
Rail Station |
1,710 |
1,730 |
-20 |
|
|
CIF |
1,700 |
1,740 |
-40 |
|
Southern part of Guangxi |
CIF |
1,780 |
1,830 |
-50 |
|
|
CIF |
1,680 |
1,700 |
-20 |
| All prices are representative and are for reference only. RMB1=US$0.1465 (Nov 10) | ||||
Market analysis
Corn prices are seen weaker in the near-term amid more weakness in demand.
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