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Market Reports

March 27, 2019
                                              
China Lysine Weekly: Cautious mood holds market weak (week ended Mar 25, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.
 
Price quotes of 98.5-percent lysine softened to the range of RMB7.20-7.70/kg. The average price of lysine dropped to RMB7.53/kg.
     
Price quotes of 70-percent lysine stayed in the range of RMB4.40-4.60/kg.
 
For imported 98.5-percent lysine, transacted prices slid to RMB9.35-10.10/kg.
 

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

Provinces

City/Municipality

Price as of
Mar 25
(RMB/kg)

Price as of
Mar 18
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.50

7.50

0.00

Sichuan

Chengdu

7.70

7.70

0.00

Shandong

Jinan

7.60

7.70

-0.10

Henan

Zhengzhou 

7.70

7.80

-0.10

Liaoning

Shenyang

7.50

7.50

0.00

-

Beijing

7.20

7.20

0.00

-

Average

7.53

7.57

-0.04

 

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

Provinces

City/Municipality

Price as of
Mar 25
(RMB/kg)

Price as of
Mar 18
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.60

9.60

0.00

Sichuan

Chengdu

9.60

9.60

0.00

Shandong

Jinan

9.80

9.90

-0.10

Henan

Zhengzhou 

10.10

10.20

-0.10

Liaoning

Shenyang

9.40

9.40

0.00

-

Beijing

9.35

9.35

0.00

-

Average

9.64

9.68

-0.04

Prices are for reference only.
RMB1=US$0.1489 (Mar 27) 

 
 
Market analysis
 
Feed producers were not keen to accumulate stocks, preferring to purchase as and when required. Although hog prices surged lately, weak feed demand, resulting from low animal inventories, continued to dampen feed producers' confidence in the market.
 
In Europe, price quotes remained at EUR1.15/kg.
 
 
Market forecast            

Lysine producers will be tempted to lift prices while limiting output. However, feed producers will stay cautious with hog population limited.
 

 

 


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