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February 19, 2020
                                              
China Lysine Weekly: Market firm amid strengthening buying interest (week ended Feb 10, 2020)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were mostly stable.
 
Price quotes of 98.5-percent lysine stayed in the range of RMB6.70-7.50/kg. Average price inched up to RMB7.17/kg.
     
Price quotes of 70-percent lysine were higher in the range of RMB4.40-4.60/kg.
 
For imported 98.5-percent lysine, transacted prices were at RMB8.80-9.60/kg.
 

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

Provinces

City/Municipality

Price as of
Feb 17
(RMB/kg)

Price as of
Feb 10
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

7.10

7.00

0.10

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

7.17

7.15

0.02

 

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

Provinces

City/Municipality

Price as of
Feb 17
(RMB/kg)

Price as of
Feb 10
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

9.00

8.90

0.10

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

9.28

9.26

0.02

Prices are for reference only.
RMB1=US$0.1428 (Feb 19)

 
 
Market analysis

Most producers and trader have not resumed operation although China has officially ended its Chinese New Year extended holidays. Lysine output of producers who were in operation were limited as supplies of raw ingredients were cut due to delivery difficulties.
 
Prices showed signs of strengthening as feed producers were eager to make purchases amid dwindling lysine inventories.
 
In Europe, price quotes strengthened to EUR1.30/kg.
 
 
Market forecast       
    
As most feed millers stocked limited lysine prior to the Chinese New year holidays in anticipation of plentiful supplies, demand for lysine is poised to increase as the days go by. Prices will increase with lysine production hampered by the shortages of raw ingredients.
 

 

 


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