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February 15, 2017
                                           
China Lysine Weekly: Prices plunge amid excess supply, sluggish demand (week ended Feb 13, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices fell sharply.
 
Price quotes of 98.5-percent lysine plummeted to the range of RMB9.20-10/kg. Average prices dropped RMB1.22/kg to RMB9.58/kg.
                                                   
Price quotes of 70-percent lysine were unchanged at RMB5.80-6.50/kg.
 
For imported 98.5-percent lysine, transacted prices fell to the range of RMB11.40-12.10/kg.
 

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

Provinces

City/Municipality

Price as of Feb 14
(RMB/kg)

Price as of Jan 27
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.00

11.00

-1.00

Sichuan

Chengdu

9.80

11.50

-1.70

Shandong

Jinan

9.20

10.50

-1.30

Henan

Zhengzhou 

9.50

10.50

-1.00

Liaoning

Shenyang

9.50

10.80

-1.30

-

Beijing

9.50

10.50

-1.00

-

Average

9.58

10.80

-1.22

 

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

Provinces

City/Municipality

Price as of Feb 14
(RMB/kg)

Price as of Jan 27
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

12.10

13.10

-1.00

Sichuan

Chengdu

11.70

13.40

-1.70

Shandong

Jinan

11.40

12.70

-1.30

Henan

Zhengzhou 

11.90

12.90

-1.00

Liaoning

Shenyang

11.40

12.70

-1.30

-

Beijing

11.65

12.65

-1.00

-

Average

11.69

12.91

-1.22

Prices are for reference only.
RMB1=US$0.1455 (Feb 15)

 
 
Market analysis
 
After the Chinese New Year holidays, pork demand dropped almost 50% while sales of broiler remained weak due to the bird flu epidemic. Poor feed demand hampered the sales of lysine, dragging prices tremendously lower as producers competed to close deals.
 
In Europe, price quotes for Q1 deliveries slid to the range of EUR1.35-1.45/kg.
 
 
Market forecast              

Although hog prices stood firm amid tumbling pork sales, that was the result of scarce availability of large hogs. This means that hog feed consumption is unlikely to be strong due to low animal population. With supplies plentiful, lysine producers will cut prices readily in attempts to entice buyers.
 

 
 

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