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MARKET

January 8, 2019
                                             
China Lysine Weekly: Firm export demand fails to strengthen market (week ended Jan 7, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
 
Price quotes of 98.5-percent lysine dipped to the range of RMB8-8.30/kg. Average price of lysine dropped RMB0.17/kg to RMB8.18/kg.
     
Price quotes of 70-percent lysine slid to RMB5.20-5.40/kg.
 
For imported 98.5-percent lysine, transacted prices fell to the range of RMB10.10-10.60/kg.
 

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

Provinces

City/Municipality

Price as of
Jan 7
(RMB/kg)

Price as of
Dec 31
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.30

8.40

-0.10

Sichuan

Chengdu

8.20

8.40

-0.20

Shandong

Jinan

8.10

8.30

-0.20

Henan

Zhengzhou 

8.20

8.40

-0.20

Liaoning

Shenyang

8.30

8.40

-0.10

-

Beijing

8.00

8.20

-0.20

-

Average

8.18

8.35

-0.17

 

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

Provinces

City/Municipality

Price as of
Dec 31
(RMB/kg)

Price as of
Dec 31
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.40

10.50

-0.10

Sichuan

Chengdu

10.10

10.30

-0.20

Shandong

Jinan

10.30

10.50

-0.20

Henan

Zhengzhou 

10.60

10.80

-0.20

Liaoning

Shenyang

10.20

10.30

-0.10

-

Beijing

10.15

10.35

-0.20

-

Average

10.29

10.46

-0.17

Prices are for reference only.
RMB1=US$0.1458 (Jan 8) 

 
 
Market analysis
 
Lysine market weakened as supplies increased while a new production plant in Jilin province expanded output gradually. Hence, even as firm export demand resulted in a couple of producers with limited stocks halting price releases, overall lysine prices continued to fall over the week. (week ended Jan 7, 2019)
 
In Europe, price quotes were unchanged in the range of EUR1.25-1.30/kg.
 
 
Market forecast            

Demand for lysine is expected to increase in the coming weeks due to the pre-festive stockpiling. Nonetheless, with usages slow, supply abundant and the hog sector performing poorly, lysine prices are less likely to strengthen in the near term.
 

 

 

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