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March 13, 2018
                                              
China Lysine Weekly: Higher costs, strengthened demand lift prices (week ended Mar 13, 2018)
 
An eFeedLink Exclusive
 

Price summary
 
Prices moved higher.
 
Price quotes of 98.5-percent lysine were mainly around RMB8.80/kg. Average price increased RMB0.27/kg to RMB8.27/kg.
                                                       
Price quotes of 70-percent lysine consolidated higher in the range of RMB4.50-4.80/kg.
 
For imported 98.5-percent lysine, transacted prices rose to the range of RMB10.70-11.20/kg.
 

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

Provinces

City/Municipality

Price as of Mar 13
(RMB/kg)

Price as of Mar 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.60

0.20

Sichuan

Chengdu

8.80

8.50

0.30

Shandong

Jinan

8.80

8.50

0.30

Henan

Zhengzhou 

8.80

8.60

0.20

Liaoning

Shenyang

8.80

8.50

0.30

-

Beijing

8.80

8.50

0.30

-

Average

8.80

8.53

0.27

 

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

Provinces

City/Municipality

Price as of Mar 13
(RMB/kg)

Price as of Mar 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.90

10.70

0.20

Sichuan

Chengdu

10.70

10.40

0.30

Shandong

Jinan

11.00

10.70

0.30

Henan

Zhengzhou 

11.20

11.00

0.20

Liaoning

Shenyang

10.70

10.40

0.30

-

Beijing

10.95

10.65

0.30

-

Average

10.91

10.64

0.27

Prices are for reference only.
RMB1=US$0.1581 (Mar 13)  

 
 
Market analysis
 
Feed producers increased stockpiles of lysine as soymeal prices continued to surge, gaining 7% during late February amid soaring global soy prices. This helped lysine producers to lift prices to cover rising output costs resulting from significantly higher corn prices.
 
In Europe, price quotes stayed stable in the range of EUR1.33-1.38/kg.
 
 
Market forecast            

Lysine producers will hold up prices with corn costs staying strong.
 
However, feed producers will remain cautious as the hog market stays weak with prices falling to levels unseen since Q2 2014. Sales of lysine are therefore unlikely to increase tremendously, limiting the upward scope of the market.
 

 

 


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