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January 14, 2020
                                              
China Lysine Weekly: Prices stable despite light trade (week ended Jan 13, 2020)
 
An eFeedLink Exclusive
 

Price summary
 
Prices stayed flat.
 
Price quotes of 98.5-percent lysine were in the range of RMB6.70-7.50/kg. The average price stayed unchanged at RMB7.12/kg.
     
Price quotes of 70-percent lysine remained in the range of RMB4.30-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices were 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
Jan 13
(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
Jan 13
(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$0.1451 (Jan 14)

 
 
Market analysis

Trade was light as buyers gradually halted purchases in preparation for the upcoming Chinese New Year operation halt. Moreover, although hog prices rebounded prominently lately, feed producers were not keen to stock lysine as the costs of soymeal continued to decrease amid plentiful supplies. Nevertheless, lysine producers, who were mainly producing to meet previously concluded orders, held prices stable.
 
In Europe, price quotes were flat at EUR1.20/kg.
 
 
Market forecast       
    
Lysine sales will slow further as most traders have halted trading. However, prices will remain stable as supply dwindles while producers stop production gradually.
 

 

 


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