SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: China's Corn Prices were Generally at a High Level Last Week (12.7-12.11)

December 14 2020 08:24:56     SunSirs (Linda)

1. China's corn price trend

According to SunSirs monitoring, domestic corn prices fluctuated slightly last week. The average price of third-grade yellow corn at the beginning of the week was 2467.14 yuan/ton, and the average price at weekend was 2471.43 yuan/ton, a slight increase of 0.17%.

2. Market Analysis

Entering December, the State Reserve's targeted auction policy was reintroduced, and the willingness of grain trading entities to go out of the warehouse increased slightly. After the corn inventory of deep processing enterprises in the production area was replenished, the corn purchase price was slightly reduced. The overall price rises and falls. The domestic corn market price stabilized this week and then moved forward at a high level.
Last week, the domestic live pigs rose slightly, rising 0.52% within the week, and egg prices rebounded sharply by 5.12%. On the whole, the breeding industry still has a relatively high profit margin, and the demand for corn feed in the future will continue.

3. Outlook

SunSirs corn product analysts believe that the policy has been launched to ensure supply and stable prices, and the willingness of grain trade entities to maintain prices has been loosened. The wait-and-see attitude of downstream deep processing enterprises has increased. With the support of domestic demand, the price of corn will continue to move forward at a high level.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Related Information
Energy
Chemical
1,3-butadiene | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products