On September 21st, the corn’s price at both the north and south port is stable. In northeast area, the corn is weakening and in the north, the sales is not so good.
In Inner Mongollia, corn’s price is weakening and the price is about RMB2320/MT, about RMB100/MT lower than that at the early of this month. There are about three hundred to four hundred thousand metric tons of old corn that needs to be sold. The price is about RMB2300/MT.
In Henan area, summer corn came into the market. The price is about RMB2300/MT.
At northeastern port, the price for corn is weakening. The major price is between RMB2440/MT and RMB2450/MT. The price in Jilin and Heilongjiang is RMB2470/MT and RMB2420/MT.
The price of the high qualified corn at Guangdong port is stable. The quotation for corn is RMB2560/MT to RMB2580/MT. The shipment quantity is about twenty thousand metric tons the stock is about three hundred and ninety thousand metric tons, ten metric tons of which is imported corn.
Jilin market for corn is weak. The price is about RMB2380/MT to 2400/MT, RMB10-20/MT lower than that of last week. The traders are not active to export the product.
The corn market in Beijing is also very weak. The price is about RMB2240/MT, almost the same as that of last week.
The corn’s price in Shangdong province is relatively stable. The new corn’s price is around RMB2360/MT, the same as that of last week. The summer corn is about to come into the market in October.