Source: China AGLOOK!

Please Note: Some of the content below may repeat on a day-to-day basis due to minor change to the market and the updates will be marked for your convenience.

A: Market Report

CHINA PORTS SPOT PRICE is the price Chinese traders offered to their terminal Chinese customers.
They are only one of the factors for your reference to your offers to Chinese importers.
Here we want to explain to some of the Ethiopia exporters members,
some of them do not know why our China port spot price is much higher than the Ethiopia ECX exporters’ offer.

1)China ports spot cargoes price is the spot price.ECX exporters’offer is the future price for Chinese traders

2)ECX exporters’ FOB offer + Freight + insurance + government tax in China + financial costs

Holding cost in the port + profit of traders + other fees cost when imported = China ports sport price.

a. Huangdao Port

b. Tianjin Port

B: Market Analysis

Today, domestic sesames prices continued to go stable while imported sesame prices hiked up across major ports in China.

China: From what we gathered, it sold about 1800 tons in total at Huangdao Port yesterday, mainly including Ethiopia 1-grade, Togo, Sudan and Niger. As the prices for Ethiopia 1-grade keep hiking up, some importers have stopped to offer for their cargos in the afternoon and the selling prices kept hitting record high.

Moreover, as the stocks are constantly declining and the majority of low-priced cargos have almost been sold out and the cargos arrived at China later quote higher. Lately with the prices hiking up from overseas, China importers have been raising their offers or stopped to offer. Now the seller worry the prices may drop while the buyers worry the prices continue to hike up. Two things are worth paying attention to: one is how many cargos available for sale from overseas and the other is the volume of carryon stocks at China ports.

Overseas: According to ECX (Ethiopia Electronic Trading Platform), from Nov 9, 2015 to Mar 22, 2016, it traded about 265561 tons of new season sesame in toal. HUMERA whittish sesame accounts for the majority and total trading volume generally unchanged and the prices hiked up. On Mar 22, 2016, it traded about 1917.8 tons of sesame in total, averaging 1260.64 USD/MT, with WOLLGA averaging 607 tons, at the price of FOB 1251.34 USD/MT; HUMERA 1310.8 tons, at the price of FOB 1268.25 USD/MT.


From what we gathered, currently, it quotes FOB 1350-1450 USD/MT for Ethiopia 1-grade white and the prices hiking up so fast, lots of importers are unble to buy. It’s worth noting that some foreign exporters canceled orders as the prices hiked up on overseas markets, which is not good for the market.

Moreover, from what we gathered, an open sesame bidding will be held in South Korea, totaling 14000 tons but now only 648 tons of sesame won the bidding, at the price of 2047.67 USD/MT, higher than same period of last year. The reason why the bidding price hiked up lie in the soaring prices from overseas, which made South Korea importers worry about the prices may continue to hike up. Personally, based on the bidding, most South Korean importers believe that there is much room for the prices to go up further. I will keep you updated about the open bidding.