Domestic corn market is expected to recover in an all-round way
-
Last Update: 2002-02-05
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: the oscillation of corn market in China has been declining for nearly half a year Recently, the price of corn market in China has slightly recovered, and the transaction price in some regions has begun to rise At present, the transaction price in Henan region has risen to 940 yuan / ton, 20-30 yuan / ton higher than that in the earlier stage, and the price in Dalian port is 1020 yuan / ton, which is also higher than that in the earlier stage It's too early to decide whether the corn market can rebound again in the later period, but in the short term, the domestic corn market is still expected to rebound 1 The Spring Festival is coming, and price promotion has momentum First of all, due to the promotion of festival stimulation, feed enterprises have increased the number of corn purchase recently, and the number of outward transportation in Central China is also increasing, which is conducive to the later development Secondly, as the peak of Spring Festival transportation is approaching, the railway department has taken measures to increase freight cost and limit freight volume in order to relieve the pressure of passenger transportation, which has reduced the volume of foreign transportation to a certain extent Based on this, it is predicted that in a short period of time, supply shortage is likely to occur in some regions Therefore, prices will be mainly stable and strong Aak 2 The advantages of non transgenic products will still promote the price to strengthen in the short term We have felt the great influence of genetically modified corn on the soybean market in reality, and the influence on the corn market can not be ignored All the corn produced in China is non genetically modified corn As far as the current situation is concerned, non genetically modified corn is still the main demand in the international market, and the market demand for genetically modified corn is relatively flat, which is the advantage of non genetically modified corn Potential will not change significantly in the short term, which is more favorable for the export of non GM corn in China, and will also form an effective role in promoting the domestic market price Aak 3 There is little pressure on China's accession to the WTO, and the upward price resistance is small China promised to cancel the high export subsidies of corn after entering WTO, and the export situation of domestic corn after entering WTO was severe, which had won the international market by price However, the corn export of Brazil and South Africa is very unstable, so the world corn supply may completely depend on the United States and Argentina in the future, which will inevitably lead to the increase of corn prices in the United States and Argentina; secondly, after China's accession to the WTO, China will expand the import of corn, and the demand for corn in the international market will rise, which will also lead to the increase of world corn prices The rise of international price will also promote the domestic corn market Thus, the pressure of entering WTO is not as great as people think Aak 4 According to the market, the atmosphere is getting weaker and the price is rising Due to the appearance of many short-term and long-term favorable factors, the solemn bearish atmosphere of corn market in the early stage was somewhat bearish The sales enterprises took this opportunity to actively organize sales activities, while the purchasing enterprises also increased the purchase quantity of corn in the early stage of Spring Festival The corn market transaction was active, and the situation of whether there is a market or not in the production area was broken recently The purchase quantity in the sales area was more clear than that in the early stage Significant growth, the market see the air atmosphere gradually weakened Aak 5 Farmers' psychology of reluctant to sell has been strengthened again to promote the price recovery The psychology of farmers has always been "sell down not sell up", that is to say, when the price keeps falling, they are willing to sell a large amount of grain at a low price On the contrary, when the price rises, they are not willing to sell the grain at hand Recently, the price recovery has once again triggered the psychological changes of farmers The enthusiasm of grain sales has generally declined The purchase progress of storage enterprises has also slowed down again The amount of market investment has declined compared with the previous period, which is favorable for the price rise Aak from the above analysis, we can see that in the short term, China's corn price is likely to rebound, and the whole domestic corn market is expected to recover AaK
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.