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January 28, 2020

China Lysine Weekly: Prices stay flat amid light trade (week ended Jan 24, 2020)

An eFeedLink Exclusive
 

Price summary

Prices remained unchanged.

Price quotes of 98.5-percent lysine were in the range of RMB6.70-7.50/kg.

Price quotes of 70-percent lysine stayed in the range of RMB4.30-4.50/kg.

For imported 98.5-percent lysine, transacted prices were unchanged at RMB8.70-9.60/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 20
(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 24
(RMB/kg)

Price as of
Jan 20
(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$0.1441 (Jan 28)

 
 
Market analysis

Lysine prices remained unchanged while trade was light with the Chinese New Year holidays just around the corner.

In Europe, price quotes remained at EUR1.20/kg.
 

Market forecast

Hog population is projected to diminish prominently after the festive hiatus, hence curtailing the sales of feed and lysine. Prices of lysine are seen soft amid slow demand.
 

 


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