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March 21, 2017
                                           
China Lysine Weekly: Buyers limit purchase after price hike (week ended Mar 20, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.
 
Price quotes of 98.5-percent lysine increased to the range of RMB8.80-9/kg. Average prices rose by RMB0.05/kg to RMB8.83/kg.
                                                   
Price quotes of 70-percent lysine were stable to higher at RMB5-5.50/kg.
 
For imported 98.5-percent lysine, transacted prices were in the range of RMB10.70-11.10/kg.
 

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

Provinces

City/Municipality

Price as of Mar 20
(RMB/kg)

Price as of Mar 13
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.00

8.80

0.20

Sichuan

Chengdu

8.80

8.80

0.00

Shandong

Jinan

8.80

8.70

0.10

Henan

Zhengzhou 

8.80

8.70

0.10

Liaoning

Shenyang

8.80

9.00

-0.20

-

Beijing

8.80

8.70

0.10

-

Average

8.83

8.78

0.05

 

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

Provinces

City/Municipality

Price as of Mar 20
(RMB/kg)

Price as of Mar 13
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

11.10

10.90

0.20

Sichuan

Chengdu

10.70

10.70

0.00

Shandong

Jinan

11.00

10.90

0.10

Henan

Zhengzhou 

11.20

11.10

0.10

Liaoning

Shenyang

10.70

10.90

-0.20

-

Beijing

10.95

10.85

0.10

-

Average

10.94

10.89

0.05

Prices are for reference only.
RMB1=US$0.1448 (Mar 21)

 
 
Market analysis
 
Lysine export demand increased substantially as low prices enticed overseas buyers to place orders for the second quarter. However, domestic sales slowed as domestic buyers held back purchases after the recent round of price hikes.
 
In Europe, price quotes for Q2 deliveries remained in the range of EUR1.30-1.36/kg.
 
 
Market forecast              

Lysine market should stay stable with the support to firm overseas demand. Prices are unlikely to rise tremendously while prudent feed millers limit buying with the livestock feed demand recovering at a slow pace.
 

 


 
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