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January 25, 2017
 
China Lysine Weekly: Market softens amid lacklustre demand (week ended Jan 24, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices dipped further.
 
Price quotes of 98.5-percent lysine were in the range of RMB10.50-11.50/kg. Average prices dropped RMB0.25/kg to RMB10.80/kg.
                                                   
Price quotes of 70-percent lysine were lower at RMB7-7.50/kg.
 
For imported 98.5-percent lysine, transacted prices fell to the range of RMB12.65-13.40/kg.
 

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

Provinces

City/Municipality

Price as of Jan 24
(RMB/kg)

Price as of Jan 17
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

11.00

11.50

-0.50

Sichuan

Chengdu

11.50

11.50

0.00

Shandong

Jinan

10.50

10.80

-0.30

Henan

Zhengzhou 

10.50

10.50

0.00

Liaoning

Shenyang

10.80

11.20

-0.40

-

Beijing

10.50

10.80

-0.30

-

Average

10.80

11.05

-0.25

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Jan 24
(RMB/kg)

Price as of Jan 17
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

13.10

13.60

-0.50

Sichuan

Chengdu

13.40

13.40

0.00

Shandong

Jinan

12.70

13.00

-0.30

Henan

Zhengzhou 

12.90

12.90

0.00

Liaoning

Shenyang

12.70

13.10

-0.40

-

Beijing

12.65

12.95

-0.30

-

Average

12.91

13.16

-0.25

Prices are for reference only.
RMB1=US$0.1459 (Jan 25)

 
 
Market analysis

Hog feed demand weakened as buyers withheld buying after accumulating some supplies. Producers negotiated prices in efforts to clear stocks before Chinese New Year holidays.
 
In Europe, price quotes for Q1 deliveries remained in the range of EUR1.38-1.48/kg.
 

Market forecast
             
Hog inventories will fall to annual low levels after Chinese New Year due to high pre-festive releases. With hog feed demand slack, weak sales will drag down the prices of lysine.
 

 


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