January 3, 2017
China lysine prices slide amid a confluence of factors
Lysine prices fell substantially during the week ending January 3.
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.
Price quotes of 98.5-percent lysine consolidated lower around RMB11.50/kg.
RMB1=US$0.1437 (Jan 3)
The full market report (with complete data) of this excerpt is available here.
All rights reserved. No part of this report may be reproduced without the permission of eFeedLink.