January 16, 2014
Steeper lysine price cuts in China fail to stimulate demand
Lysine prices moved lower during the week ending January 15.
Producers gave deeper discounts in a bid to stimulate demand but buying interest remained weak.
Imported 98.5-percent lysine transacted prices were at RMB10.50-10.75/kg.
Even if producers slash prices further, sales are unlikely to increase significantly as livestock and feed producers are wary of the severe disease situation in the country.
RMB1=US$0.1654 (Jan 16)
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