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January 3, 2017
 

China Lysine Weekly: Prices slide amid a confluence of factors (week ended Jan 3, 2017)


An eFeedLink Exclusive

 


Price summary


Prices fell substantially.


Price quotes of 98.5-percent lysine consolidated lower around RMB11.50/kg. Average prices fell significantly by RMB0.95/kg to RMB11.50/kg.
 

Price quotes of 70-percent lysine were at RMB7.80-8.50/kg.


For imported 98.5-percent lysine, transacted prices slid to the range of RMB13.40-13.90/kg.

  

Weekly transacted prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of Jan 3
(RMB/kg)

Price as of Dec 27
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

11.50

13.00

-1.50

Sichuan

Chengdu

11.50

13.00

-1.50

Shandong

Jinan

11.50

12.00

-0.50

Henan

Zhengzhou 

11.50

12.00

-0.50

Liaoning

Shenyang

11.50

12.50

-1.00

-

Beijing

11.50

12.20

-0.70

-

Average

11.50

12.45

-0.95

 

 

 

 

 

Weekly prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of Jan 3
(RMB/kg)

Price as of Dec 27
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

13.60

15.10

-1.50

Sichuan

Chengdu

13.40

14.90

-1.50

Shandong

Jinan

13.70

14.20

-0.50

Henan

Zhengzhou 

13.90

14.40

-0.50

Liaoning

Shenyang

13.40

14.40

-1.00

-

Beijing

13.65

14.35

-0.70

-

Average

13.61

14.56

-0.95

Prices are for reference only.
RMB1=US$0.1437 (Jan 3)

 

 

Market analysis


Lysine market was under pressure due to several factors. On the supply side, the availability of lysine increased as deliveries were more consistent whereas production costs dropped amid lower corn costs.


Demand wise, local feed millers were reluctant to expand inventories while the livestock market underperformed. Meanwhile, overseas buyers limited purchases as Chinese products were not as competitive as before after the recent rally.


Consequently, lysine prices dropped prominently during the period in review.


During November, China's lysine exports surged 23% on-month reaching 32,728 tonnes as a depreciating renminbi stimulated demand.


In Europe, price quotes for Q1 deliveries were at EUR1.50/kg.

 


Market forecast 


Lysine prices are expected to move lower with supplies ample and demand soft. Producers will be willing to negotiate prices with output expenses falling due to weaker corn costs.
 

 


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