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March 7, 2017
                                           
China Lysine Weekly: Prices rebound from record lows (week ended Mar 6, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher of late.
 
Price quotes of 98.5-percent lysine rose to the range of RMB8-8.20/kg. Average prices were higher by RMB0.23/kg at RMB8.10/kg.
                                                   
Price quotes of 70-percent lysine increased to RMB4.80-5.20/kg.
 
For imported 98.5-percent lysine, transacted prices strengthened to the range of RMB9.90-10.40/kg.
 

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

Provinces

City/Municipality

Price as of Mar 6(RMB/kg)

Price as of Feb 28(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.00

8.00

0.00

Sichuan

Chengdu

8.00

8.00

0.00

Shandong

Jinan

8.20

7.80

0.40

Henan

Zhengzhou 

8.00

7.80

0.20

Liaoning

Shenyang

8.20

7.80

0.40

-

Beijing

8.20

7.80

0.40

-

Average

8.10

7.87

0.23

 

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

Provinces

City/Municipality

Price as of Mar 6
(RMB/kg)

Price as of Feb 28
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.10

10.10

0.00

Sichuan

Chengdu

9.90

9.90

0.00

Shandong

Jinan

10.40

10.00

0.40

Henan

Zhengzhou 

10.40

10.20

0.20

Liaoning

Shenyang

10.10

9.70

0.40

-

Beijing

10.35

9.95

0.40

-

Average

10.21

9.98

0.23

Prices are for reference only.
RMB1=US$0.1449 (Mar 7)

 
 
Market analysis
 
Hog feed producers increased output as sales picked up from post-Chinese New Year lows. Demand for lysine rose in tandem, helping prices to rebound from historic low levels.
 
China exported 28,111 tonnes of lysine during January, up by 11% compared with December. However, unit export price broke new lows, averaging US$978/tonne.
 
In Europe, price quotes for Q2 deliveries remained in the range of EUR1.32-1.42/kg.
 
 
Market forecast              

With production capacity in excess and demand for hog feed unlikely to surge tremendously due to low hog numbers, the upward scope of lysine market will be limited. Unless export demand is strong, lysine producers will be under pressure to cut prices in attempts to clear stocks.
 


 

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