March 27, 2014
China lysine prices consolidate lower, show signs of stabilising
Lysine prices fell at a slower pace during the week ending March 26.
Lysine market showed signs of stabilising after traders have released substantial stocks over the week.
Price quotes of 65-percent lysine and 70-percent lysine dipped to RMB4.10-4.40/kg and RMB4.60-4.70/kg respectively.
Lysine prices are expected stay around current levels in the near term as producers, who are incurring losses or making paltry profits, will stand firm.
RMB1=US$0.1610 (Mar 27)
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