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March 18, 2019
                                              
China Lysine Weekly: Market shows signs of weakening (week ended Mar 18, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.
 
Price quotes of 98.5-percent lysine slid to the range of RMB7.20-7.80/kg. The average price of lysine was lower at RMB7.57/kg.
     
Price quotes of 70-percent lysine remained in the range of RMB4.40-4.60/kg.
 
For imported 98.5-percent lysine, transacted prices dropped to RMB9.35-10.20/kg.
 

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

Provinces

City/Municipality

Price as of
Mar 18
(RMB/kg)

Price as of
Mar 11
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.50

7.50

0.00

Sichuan

Chengdu

7.70

7.70

0.00

Shandong

Jinan

7.70

7.70

0.00

Henan

Zhengzhou 

7.80

7.80

0.00

Liaoning

Shenyang

7.50

7.50

0.00

-

Beijing

7.20

7.60

-0.40

-

Average

7.57

7.63

-0.07

 

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

Provinces

City/Municipality

Price as of
Mar 18
(RMB/kg)

Price as of
Mar 11
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.60

9.60

0.00

Sichuan

Chengdu

9.60

9.60

0.00

Shandong

Jinan

9.90

9.90

0.00

Henan

Zhengzhou 

10.20

10.20

0.00

Liaoning

Shenyang

9.40

9.40

0.00

-

Beijing

9.35

9.75

-0.40

-

Average

9.68

9.74

-0.07

Prices are for reference only.
RMB1=US$0.1490 (Mar 18) 

 
 
Market analysis
 
Feed producers restocked inventories at a cautious rate even as hog prices strengthened significantly lately. With demand for lysine persistently weak, several traders and distributors were tempted to cut prices.

In Europe, price quotes dipped to as low as EUR1.15/kg.
 
 
Market forecast            

Although decreased availability, resulting from production cuts, will lend support to lysine market, prices are less likely to strengthen in the near term. With hog population diminished by the severe disease outbreak and January's pre-festive releases, low hog feed consumption will continue to curtail the sales of lysine in conjunction with weak soymeal prices.
 

 

 

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