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January 17, 2017
                                      
China Lysine Weekly: Prices continue to slide (week ended Jan 17, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly lower.
 
Price quotes of 98.5-percent lysine were stable to lower in the range of RMB10.50-11.50/kg. Average prices fell by RMB0.28/kg to RMB11.05/kg.
                                                   
Price quotes of 70-percent lysine were at RMB7-8.20/kg.
 
For imported 98.5-percent lysine, transacted prices slid to the range of RMB12.90-13.60/kg.
 

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

Provinces

City/Municipality

Price as of Jan 17
(RMB/kg)

Price as of Jan 10
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

11.50

11.50

0.00

Sichuan

Chengdu

11.50

11.50

0.00

Shandong

Jinan

10.80

11.00

-0.20

Henan

Zhengzhou 

10.50

11.20

-0.70

Liaoning

Shenyang

11.20

11.50

-0.30

-

Beijing

10.80

11.30

-0.50

-

Average

11.05

11.33

-0.28

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

Provinces

City/Municipality

Price as of Jan 17
(RMB/kg)

Price as of Jan 10
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

13.60

13.60

0.00

Sichuan

Chengdu

13.40

13.40

0.00

Shandong

Jinan

13.00

13.20

-0.20

Henan

Zhengzhou 

12.90

13.60

-0.70

Liaoning

Shenyang

13.10

13.40

-0.30

-

Beijing

12.95

13.45

-0.50

-

Average

13.16

13.44

-0.28

Prices are for reference only.
RMB1=US$0.1451 (Jan 17)

 
 
Market analysis
 
Despite rising hog prices, feed producers limited feed output for the sector in view of slack demand after Chinese New Year due to low animal inventories. With usages low and export orders slow while renminbi strengthened, lysine producers were compelled to cut prices further amid strong competition.
 
In Europe, price quotes for Q1 deliveries dropped to the range of EUR1.38-1.48/kg as demand was flat.
 
 
Market forecast   
           
Sales of lysine is expected to be slow as most buyers have stocked inventories to last for the first half of February while China is on holiday. With export demand weak and corn costs moving lower, lysine producers should hold down prices in efforts to clear inventories.
 
 
 


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