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Feed Supplements/Additives

April 4, 2019

China Lysine Weekly: Prices slide amid light trade (week ended Apr 1, 2019)
 
An eFeedLink Exclusive
 
 
Price summary

Prices stayed weak.
 
Price quotes of 98.5-percent lysine lowered to the range of RMB7.20-7.60/kg. The average price of lysine slid to RMB7.48/kg.
 
Price quotes of 70-percent lysine dropped to the range of RMB4.40-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices softened to RMB9.35-10/kg.
 

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

Provinces

City/Municipality

Price as of
Apr 1
(RMB/kg)

Price as of
Mar 25
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.50

7.50

0.00

Sichuan

Chengdu

7.60

7.70

-0.10

Shandong

Jinan

7.50

7.60

-0.10

Henan

Zhengzhou 

7.60

7.70

-0.10

Liaoning

Shenyang

7.50

7.50

0.00

-

Beijing

7.20

7.20

0.00

-

Average

7.48

7.53

-0.05

 

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

Provinces

City/Municipality

Price as of
Apr 1
(RMB/kg)

Price as of
Mar 25
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.60

9.60

0.00

Sichuan

Chengdu

9.50

9.60

-0.10

Shandong

Jinan

9.70

9.80

-0.10

Henan

Zhengzhou 

10.00

10.10

-0.10

Liaoning

Shenyang

9.40

9.40

0.00

-

Beijing

9.35

9.35

0.00

-

Average

9.59

9.64

-0.05

Prices are for reference only.
RMB1=US$0.1489 (Apr 4) 

 
 
Market analysis

Trade was light as feed producers, who limited output of hog feed, were reluctant to place orders for lysine. Even though hog prices rebounded strongly from low levels, sales of feed remained weak amid low hog inventories.

In Europe, price quotes were at EUR1.15/kg.
 
 
Market forecast            
 
Lysine market is poised to stay weak in the near term with hog feed production limited, Moreover, soymeal prices are seen weak, hence decimating the usages of lysine in feed formulation.
 

 

 

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