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January 8, 2020
                                              
China Lysine Weekly: Market stable but lacks momentum (week ended Jan 6, 2020)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
 
Price quotes of 98.5-percent lysine stayed in the range of RMB6.70-7.50/kg. The average price remained at RMB7.12/kg.
     
Price quotes of 70-percent lysine stayed in the range of RMB4.30-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices were flat at RMB8.70-9.60/kg.
 

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

Provinces

City/Municipality

Price as of
Jan 6
(RMB/kg)

Price as of
Dec 30
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

6.80

6.80

0.00

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.00

7.00

0.00

Liaoning

Shenyang

7.50

7.50

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.12

7.12

0.00

 

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

Provinces

City/Municipality

Price as of
Jan 6
(RMB/kg)

Price as of
Dec 30
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.70

8.70

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.40

9.40

0.00

Liaoning

Shenyang

9.40

9.40

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.23

9.23

0.00

Prices are for reference only.
RMB1=US$0.1438 (Jan 8)

 
 
Market analysis

Several producers who continued to limit lysine production were not keen to take orders. Prices of lysine were mostly stable although feed producers held back purchases with the sales of hog feed limited amid slow consumption.
 
In Europe, price quotes were at EUR1.20/kg.
 
 
Market forecast   
        
Demand for lysine is projected to stay weak as most feed producers have stocked inventories to last for the Chinese New Year holidays. Producers, who are mainly operating to fulfill previously concluded orders, will hold prices firm although a handful or traders may negotiate prices to move sales.
 

 

 

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