Home > News > Industry News

The Spring Festival is approaching the corn market into the rest period

Released Time:2019-01-07 Font Size:Large|Medium |Small
  Entering 2017, the domestic corn market has entered a rest period before the holiday. Whether it is Northeast, North China, or inland sales areas, and North and South ports, after a wave of declines in December last year, the entire market once again showed an overall stable state, then let ’s take a look at 17 years after entering The actual situation of the corn market in various regions.

 

Northeast region

The price of corn in the northeastern production area can be said to be the region with the largest decline in December. In the large-scale increase of corn, the market has lost the largest entity of temporary storage acquisition and the influence of weather factors. The problem is that prices are under pressure, and it is difficult for Northeast corn to be shipped to the table again. However, various transportation policies were successively introduced in various places, including railway outbound support, freight reductions, etc., all of which showed that the policy supported Northeast corn at the non-purchase and sale level, which also slowed the downward trend of Northeast corn. .

North China

The North China production area also showed a wave of decline following the decline of Northeast corn in December, but the overall decline is relatively small, and it can be said to be a small wave of adjustment. Subsequently, it entered a stable operating state, and the overall fluctuations were still concentrated on the purchase prices of deep-processing enterprises that were easily volatile.

North and South Port

The price of corn in the north-south ports should be the region with the most fluctuations in this price adjustment. Among them, the closing price of the north-eastern corn in the northern ports fell from the highest point of 1740 yuan / ton to 1510 yuan / ton. The transaction price of corn in the northeast of Guangdong port also fell from the high of 1960 yuan / ton to the lowest point of 1620 yuan / ton, a decrease of more than 300 yuan / ton. And the corn price in the north and south ports has fallen so much in just a few weeks. First, it has been accompanied by the drop in corn prices in the northeast production areas. The second and most important factor is the backlog of port stocks. The northern ports The long-term inventory is more than 3 million tons, and the inventory of Guangdong ports has rapidly increased from the previous 100,000 tons to more than 800,000 tons. It is precisely because of this, coupled with the entry of a two-quarter off-season demand, the price has opened a sharp slump mode.

Inland sales area

Inland sales area can be said to be the area with the most similar trend in previous years, its overall operation trend is basically consistent with the situation in previous years, and the Northeast production area is expected to operate at a fair price. The production area rose, its price rose, the production area fell, and its price fell. In this wave of rapid decline in Northeast corn, the corn price in the producing area also began to decline slightly in the following week until the price of Northeast corn stabilized.

A

In summary, the above is the operational status of corn regions in the country from December last year to the present. From the perspective of overall market purchase and sales, the current weak operation does not reflect the actual supply and demand status of the market. After entering the traditional two-day rest period, the market price trend can no longer fully reflect the actual supply and demand situation. But depending on the actual situation, it is still necessary to wait until the purchase and sales resume after the year, the overall supply and demand changes, and then the price trend of corn can be further clear.