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January 21, 2019
                                              
China Lysine Weekly: Subdued demand holds prices soft (week ended Jan 21, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were weak.
 
Price quotes of 98.5-percent lysine were in the range of RMB7.80-8.20/kg. Average price of lysine slid RMB0.02/kg to RMB8/kg.
     
Price quotes of 70-percent lysine remained at RMB5-5.20/kg.
 
For imported 98.5-percent lysine, transacted prices stayed in the range of RMB9.95-10.40/kg.
 

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

Provinces

City/Municipality

Price as of
Jan 21
(RMB/kg)

Price as of
Jan 14
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.20

8.20

0.00

Sichuan

Chengdu

8.10

8.10

0.00

Shandong

Jinan

7.80

7.80

0.00

Henan

Zhengzhou 

8.00

8.00

0.00

Liaoning

Shenyang

8.10

8.20

-0.10

-

Beijing

7.80

7.80

0.00

-

Average

8.00

8.02

-0.02

 

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

Provinces

City/Municipality

Price as of
Jan 21
(RMB/kg)

Price as of
Jan 14
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.30

10.30

0.00

Sichuan

Chengdu

10.00

10.00

0.00

Shandong

Jinan

10.00

10.00

0.00

Henan

Zhengzhou 

10.40

10.40

0.00

Liaoning

Shenyang

10.00

10.10

-0.10

-

Beijing

9.95

9.95

0.00

-

Average

10.11

10.13

-0.02

Prices are for reference only.
RMB1=US$0.1473 (Jan 21) 

 
 
Market analysis
 
As most large feed producers have stocked ample inventories for the upcoming Chinese New Year holidays, trade was light over the week. Lysine prices stayed weak while traders were willing to give slight discounts to entice buyers.
 
In Europe, price quotes remained in the range of EUR1.25-1.30/kg.
 
 
Market forecast            

Sales of lysine are expected to be flat as most buyers who have accumulated stocks gradually halt operation towards end of the month. Moreover, slow hog feed consumption, soft soymeal prices and ample availability will exert pressure on the market.
 

 

 


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