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February 21, 2017


China Lysine Weekly: Prices continue to tumble (week ended Feb 21, 2017)


An eFeedLink Exclusive

 


Price summary


Prices plummeted further.


Price quotes of 98.5-percent lysine plunged further to the range of RMB8.20-9/kg. Average prices dropped RMB1.15/kg to RMB8.43/kg.


Price quotes of 70-percent lysine slid to RMB5.20-5.80/kg.


For imported 98.5-percent lysine, transacted prices plummeted to the range of RMB10.10-11.10/kg.

 

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

Provinces

City/Municipality

Price as of Feb 21
(RMB/kg)

Price as of Feb 14
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.00

10.00

-1.00

Sichuan

Chengdu

8.80

9.80

-1.00

Shandong

Jinan

8.20

9.20

-1.00

Henan

Zhengzhou 

8.20

9.50

-1.30

Liaoning

Shenyang

8.20

9.50

-1.30

-

Beijing

8.20

9.50

-1.30

-

Average

8.43

9.58

-1.15

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Feb 21
(RMB/kg)

Price as of Feb 14
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

11.10

12.10

-1.00

Sichuan

Chengdu

10.70

11.70

-1.00

Shandong

Jinan

10.40

11.40

-1.00

Henan

Zhengzhou 

10.60

11.90

-1.30

Liaoning

Shenyang

10.10

11.40

-1.30

-

Beijing

10.35

11.65

-1.30

-

Average

10.54

11.69

-1.15

Prices are for reference only.
RMB1=US$0.1453 (Feb 21)

 

  
Market analysis


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.


In Europe, price quotes for Q2 deliveries were in the range of EUR1.34-1.44/kg.

 


Market forecast 


Lysine demand will remain soft with hog feed consumption slow amid low animal population. With export demand flat and inventories mounting, lysine producers will be eager to lower prices in efforts to close deals.
 

 


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