March 7, 2017
Lysine prices rebound from record lows in China
Lysine prices moved higher during the week ending March 6.
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.
For imported 98.5-percent lysine, transacted prices strengthened to the range of RMB9.90-10.40/kg.
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.
RMB1=US$0.1449 (Mar 6)
The full market report (with complete data) of this excerpt is available here.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.