February 21, 2017
Lysine prices continue to tumble in China
Lysine prices plummeted further during the week ending February 21.
Poor sales of pork dampened the confidence of hog farmers, impeding the sales of hog feed that was already weak after the Chinese New Year holidays. Consequently, feed millers withheld lysine purchases, prompting lysine producers facing bloating inventories to slash prices.
For imported 98.5-percent lysine, transacted prices plummeted to the range of RMB10.10-11.10/kg.
RMB1=US$0.1453 (Feb 21)
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