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China

January 3, 2018

China Lysine Weekly: Producers slash prices amid poor demand (week ended Jan 2, 2018)

An eFeedLink Exclusive
 

Price summary
 
Prices fell significantly.
 
Price quotes of 98.5-percent lysine dipped to the range of RMB9-10.50/kg. Average price decreased RMB0.51/kg to RMB9.62/kg.
 
Price quotes of 70-percent lysine were lower at RMB4.60-5.20/kg.
 
For imported 98.5-percent lysine, transacted prices dropped to the range of RMB11.20-12.60/kg.
 

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

Provinces

City/Municipality

Price as of Jan 2
(RMB/kg)

Price as of Dec 25
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.50

10.50

0.00

Sichuan

Chengdu

10.20

10.20

0.00

Shandong

Jinan

9.00

10.00

-1.00

Henan

Zhengzhou 

9.00

9.80

-0.80

Liaoning

Shenyang

9.50

10.10

-0.60

-

Beijing

9.50

10.20

-0.70

-

Average

9.62

10.13

-0.51

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Jan 2
(RMB/kg)

Price as of Dec 25
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

12.60

12.60

0.00

Sichuan

Chengdu

12.10

12.10

0.00

Shandong

Jinan

11.20

12.20

-1.00

Henan

Zhengzhou 

11.40

12.20

-0.80

Liaoning

Shenyang

11.40

12.00

-0.60

-

Beijing

11.65

12.35

-0.70

-

Average

11.73

12.24

-0.51

Prices are for reference only.
RMB1=US$0.1537 (Jan 3)  

 
 
Market analysis

Lysine sales were light during year's end, as most feed millers withheld buying after stocking ample supplies. One major producer slashed prices in a surprise move to attract buyers, prompting others to follow suit.

In Europe, price quotes for Q4 deliveries remained firm in the range of EUR1.29-1.35/kg.
 

Market forecast 

Lysine market is projected to remain soft in the coming weeks as slower-than-expected hog price recovery dampens the confidence of feed producers. Moreover, soymeal prices are set to remain weak with supplies abundant, hence limiting the usages of lysine.
 

 


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