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March 1, 2017
                                           
China Lysine Weekly: Prices dip further, down 54% since December (week ended Feb 28, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices continued to fall.
 
Price quotes of 98.5-percent lysine dropped to the range of RMB7.80-8/kg. Average prices were lower by RMB0.56/kg at RMB7.87/kg.
                                                   
Price quotes of 70-percent lysine fell to RMB4.50-5/kg.
 
For imported 98.5-percent lysine, transacted prices slid to the range of RMB9.70-10.20/kg.
 

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

Provinces

City/Municipality

Price as of Feb 28
(RMB/kg)

Price as of Feb 21
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.00

9.00

-1.00

Sichuan

Chengdu

8.00

8.80

-0.80

Shandong

Jinan

7.80

8.20

-0.40

Henan

Zhengzhou 

7.80

8.20

-0.40

Liaoning

Shenyang

7.80

8.20

-0.40

-

Beijing

7.80

8.20

-0.40

-

Average

7.87

8.43

-0.56

 

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

Provinces

City/Municipality

Price as of Feb 28
(RMB/kg)

Price as of Feb 21
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.10

11.10

-1.00

Sichuan

Chengdu

9.90

10.70

-0.80

Shandong

Jinan

10.00

10.40

-0.40

Henan

Zhengzhou 

10.20

10.60

-0.40

Liaoning

Shenyang

9.70

10.10

-0.40

-

Beijing

9.95

10.35

-0.40

-

Average

9.98

10.54

-0.56

Prices are for reference only.
RMB1=US$0.1454 (Mar 1)

 
Lysine prices continued to fall during the week ending February 28.
 
Lysine prices fell further, albeit at a slower pace, as producers competed to clear stocks. However, with hog population flat and feed producers staying prudent, sales of lysine remained limited.
 
Plummeting 54% since December lysine prices were less than 10% away from 2013's historic lows.
Price quotes of 70-percent lysine fell to RMB4.50-5/kg.
 
 
Market analysis
 
Lysine prices fell further, albeit at a slower pace, as producers competed to clear stocks. However, with hog population flat and feed producers staying prudent, sales of lysine remained limited.
 
Plummeting 54% since December lysine prices were less than 10% away from 2013's historic lows.
 
In Europe, price quotes for Q2 deliveries softened to the range of EUR1.32-1.42/kg.
 
 
Market forecast              
 
Lysine producers will be under pressure to cut prices amid mounting inventory. With corn costs low, hog feed demand slack and supplies of lysine abundant, prices are likely to break new lows in the coming period.
 


 
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