November 14, 2016
China Corn Weekly: Prices consolidate within a narrow range(week ended Nov 11, 2016)
An eFeedLink Exclusive
Price summary
Price movement was limited.
|
Weekly transacted prices of second-grade corn in China (Moisture content 14%) | |||||
|
Region |
City/ Port |
Price type |
Price as of Nov 7 (RMB/tonne) |
Price as of Nov 14 (RMB/tonne) |
Price change (RMB/tonne) |
|
Heilongjiang |
Haerbin |
Ex-warehouse |
1,530 |
1,518 |
-12 |
|
Jilin |
Changchun |
Ex-warehouse |
1,660 |
1,642 |
-18 |
|
Liaoning |
Shenyang |
Ex-warehouse |
1,650 |
1,632 |
-18 |
|
Inner Mongolia |
Tongliao |
Ex-warehouse |
1,660 |
1,642 |
-18 |
|
Shandong |
Dezhou |
Ex-warehouse |
1,702 |
1,682 |
-20 |
|
Shandong |
Weifang |
Ex-warehouse |
1,722 |
1,702 |
-20 |
|
Hebei |
Shijiazhuang |
Ex-warehouse |
1,666 |
1,652 |
-14 |
|
Henan |
Zhengzhou |
Ex-warehouse |
1,742 |
1,750 |
8 |
|
Jiangsu |
Xuzhou |
Ex-warehouse |
1,680 |
1,680 |
0 |
|
Shaanxi |
Xi'an |
Ex-warehouse |
1,622 |
1,636 |
14 |
|
Jiangsu |
Lianyungang |
Rail Station |
1,680 |
1,680 |
0 |
|
Zhejiang |
Hangzhou |
Rail Station |
1,900 |
1,908 |
8 |
|
Shanghai |
- |
Rail Station |
1,900 |
1,908 |
8 |
|
Sichuan |
Chengdu |
Rail Station |
2,018 |
2,008 |
-10 |
|
Liaoning |
Dalian |
FOB |
1,728 |
1,730 |
2 |
|
Liaoning |
Jinzhou |
FOB |
1,728 |
1,730 |
2 |
|
Guangdong |
Shekou Port |
CIF |
1,896 |
1,916 |
20 |
|
Fujian |
Fuzhou |
CIF |
1,910 |
1,944 |
34 |
|
All prices are representative and are for reference only. | |||||
Market analysis
Corn demand showed little signs of improving as poultry feed producers continued to limit buying. Although markets stayed firm in most consumption regions, prices fell in the production regions amid sufficient supplies.
On average, corn prices slid 0.11% over the week.
Market forecast
The upward scope of corn market will be limited as more crops will be ready for sale in the coming weeks. Moreover, demand is expected to be soft with feed millers treading cautiously.
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