Demand for energy to accelerate, the State Reserve auction lift corn
August 25 the State Reserve corn sixth auction ended with high turnover rates, plans auction Sell State temporary storage of corn 2,517,900 tons, 1,565,900 tons actual transactions, the total turnover rate of 62.19 percent, the previous period's turnover rate is very significant upgrade, Liaoning and even 98.56% of transactions, the main reason is the increased market demand, supply has declined State Reserve caused the increase of the intensity of the auction.
Recent weakness of the market supply and demand imbalance more pronounced over the price rise to varying degrees. Shandong and Henan region are corn rose 50 yuan / ton, but still not high supply.
Market sales areas of the South during this time train shipping difficulties, the inventory also consume large upward trend becoming evident.
Southern port areas as sea freight prices and the impact of typhoon weather to Hong Kong is comparatively low, the port emergency stocks, quotes continue to rise, Guangdong Shekou offer up this week, 80 yuan / ton, late to the situation in Hong Kong ships unknown cause panic psychology, quotes continued to rise.
The northern port of corn stocks remain at low levels, according to Chinese Feed Industry Information Network is understood that the main port for the State Reserve auction corn corn prices have more stable, but most traders take a wait and see attitude, shipment volume is not high.
Starving the entire market tensions affecting the State Reserve of the nerve problem, the auction started to increase from 500,000 tons in auction can be seen, the State Reserve to increase supply of corn to be taken to stabilize the market the way the momentum of rise . From the China Feed Industry Information Net statistics, the country of corn storage auction took sixth and to the intensity of the auction completely different: the first from the target volume, it significantly reduced the number of low target volume, turnover rate of increase the data can be described this way because it generated. Followed by the auction from the actual repository, reducing the number of remote areas, concentrated in convenient Zhishu Ku.
High volume of transactions the subject of the auction shows the enthusiasm of enterprises to participate in bidding to increase than before, as far as I know, some sources have customers participate in bidding more active traders, the market shortage situation in the south created a good business opportunity. In the case of transportation, auction of corn can be more quickly to market, the role of the State Reserve to stabilize the market will be reflected, so the auction said the market has changed a great extent the State Reserve auction strategy.
Market supply and demand imbalances caused prices has a certain timeliness of the State Reserve of the high inventory is in this case play its due role, and the timing of the release of inventory pressure has come. State Reserve corn again used the market changes and increase control.
State Reserve Corn Auction intensity of the pressure rise that the market supply of large parts of the discontinuation of supply did not prevent the emergence of panic, traders took the opportunity to raise prices, traders seized the focus of the downturn in previous auction turnover rate of improvement in the current phase of demand for short-term shortage of opportunities there. Auction in the country of corn storage lot is listed, the supply capacity enhancement is expected to stabilize the market upward trend, there is the possibility of price decline.
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