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Market Reports

March 13, 2019
 
China Lysine Weekly: Lacklustre demand holds prices flat (week ended Mar 11, 2019)
 
An eFeedLink Exclusive
 
 
Price summary

Prices were unchanged.
 
Price quotes of 98.5-percent lysine stayed in the range of RMB7.50-7.80/kg. Average price of lysine remained at RMB7.63/kg.
 
Price quotes of 70-percent lysine were in the range of RMB4.40-4.60/kg.
 
For imported 98.5-percent lysine, transacted prices stayed at RMB9.40-10.20/kg.
 

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

Provinces

City/Municipality

Price as of
Mar 11
(RMB/kg)

Price as of
Mar 4
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.5

7.5

0

Sichuan

Chengdu

7.7

7.7

0

Shandong

Jinan

7.7

7.7

0

Henan

Zhengzhou 

7.8

7.8

0

Liaoning

Shenyang

7.5

7.5

0

-

Beijing

7.6

7.6

0

-

Average

7.63

7.63

0

 

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

Provinces

City/Municipality

Price as of
Mar 11
(RMB/kg)

Price as of
Mar 4
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.6

9.6

0

Sichuan

Chengdu

9.6

9.6

0

Shandong

Jinan

9.9

9.9

0

Henan

Zhengzhou 

10.2

10.2

0

Liaoning

Shenyang

9.4

9.4

0

-

Beijing

9.75

9.75

0

-

Average

9.74

9.74

0

Prices are for reference only.
RMB1=US$0.1491 (Mar 13) 

 
 
Market analysis

Feed producers held limited inventories of lysine as the hog sector continued to stay weak. Additionally, persistently sliding soymeal prices resulted in low inclusion rates of lysine in feed formulation. hence prompting buyers to purchase as and when required.

Nonetheless, as lysine producers limited output, prices stayed stable over the week in review.

In Europe, price quotes were in the range of EUR1.25-1.30/kg.
 
 
Market forecast

Lysine producers are expected to limit production in a bid to hold up prices. However, with usages slow amid low soymeal costs, and the hog sector performing below expectations, lysine prices are unlikely to strengthen under sluggish sales.
 

 

 


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