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February 14, 2020
                                              
China Lysine Weekly: Prices unchanged amid low trade (week ended Feb 10, 2020)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were stable.
 
Price quotes of 98.5-percent lysine remained in the range of RMB6.70-7.50/kg. Average price edged up to RMB7.15/kg.
     
Price quotes of 70-percent lysine were in the range of RMB4.30-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices stayed at RMB8.70-9.60/kg.
 

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

Provinces

City/Municipality

Price as of
Feb 10
(RMB/kg)

Price as of
Feb 1
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

7.00

6.80

0.20

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

7.15

7.12

0.03

 

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

Provinces

City/Municipality

Price as of
Feb 10
(RMB/kg)

Price as of
Feb 1
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.90

8.70

0.20

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

9.26

9.23

0.03

Prices are for reference only.
RMB1=US$0.1434 (Feb 14)

 
 
Market analysis

As China extended the Chinese New Year holidays due to the Wuhan coronavirus epidemic, lysine trade was almost non-existent. This was reflected in the stable prices.
 
With production plants unable to commence operation and deliveries impossible, feed producers had difficulties making purchases even as inventories stocked before the festive hiatus were depleting.  
 
In Europe, price quotes remained at EUR1.20/kg.
 
 
Market forecast            

Prices of lysine are seen stable to higher, as logistics difficulties and the near-term demand to restock depleted inventories will lend support to the market. However, worth noting, the low hog and poultry population, together with the high capacity of lysine industry may work to limit the price hikes.
 

 

 


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