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January 10, 2017
                                           
China Lysine Weekly: Price fall slows but outlook remains bleak (week ended Jan 10, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.
 
Price quotes of 98.5-percent lysine dropped to the range of RMB11-11.50/kg. Average prices slid by RMB0.17/kg to RMB11.33/kg.
                                                   
Price quotes of 70-percent lysine were at RMB7-8.20/kg.
 
For imported 98.5-percent lysine, transacted prices dipped to the range of RMB13.20-13.60/kg.
 

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

Provinces

City/Municipality

Price as of Jan 10
(RMB/kg)

Price as of Jan 3
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

11.50

11.50

0.00

Sichuan

Chengdu

11.50

11.50

0.00

Shandong

Jinan

11.00

11.50

-0.50

Henan

Zhengzhou 

11.20

11.50

-0.30

Liaoning

Shenyang

11.50

11.50

0.00

-

Beijing

11.30

11.50

-0.20

-

Average

11.33

11.50

-0.17

 

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

Provinces

City/Municipality

Price as of Jan 10
(RMB/kg)

Price as of Jan 3
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

13.60

13.60

0.00

Sichuan

Chengdu

13.40

13.40

0.00

Shandong

Jinan

13.20

13.70

-0.50

Henan

Zhengzhou 

13.60

13.90

-0.30

Liaoning

Shenyang

13.40

13.40

0.00

-

Beijing

13.45

13.65

-0.20

-

Average

13.44

13.61

-0.17

Prices are for reference only.
RMB1=US$0.1444 (Jan 10)

 
 
Market analysis

Although several lysine producers stood firm while others continued to lower prices to promote sales as output expenses dropped amid lower corn costs. However, hog feed producers were reluctant to increase stockpiles in view of poor feed sales during February due to high pre-festive releases.
 
In Europe, price quotes for Q1 deliveries stayed around EUR1.50/kg as most buyers have placed orders for Q1.
 
 
Market forecast              

Demand for lysine is unlikely to be strong with soymeal market staying soft and hog feed sales unimpressive. Producers are expected to cut prices further with production costs falling and competition strong in the market.
 

 

 

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