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April 5, 2017
                                           
China Lysine Weekly: Sharp rise in prices on stronger demand (week ended Apr 3, 2017)
 
An eFeedLink Exclusive
 

Price summary
 
Prices moved higher.
 
Price quotes of 98.5-percent lysine rose to the range of RMB9.20-9.50/kg. Average prices increased RMB0.47/kg to RMB9.30/kg.
                                                   
Price quotes of 70-percent lysine were stable to higher at RMB5-5.60/kg.
 
For imported 98.5-percent lysine, transacted prices were in the range of RMB11-11.70/kg.
 

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

Provinces

City/Municipality

Price as of Apr 3
(RMB/kg)

Price as of Mar 27
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.50

9.00

0.50

Sichuan

Chengdu

9.20

8.80

0.40

Shandong

Jinan

9.50

8.80

0.70

Henan

Zhengzhou 

9.20

8.80

0.40

Liaoning

Shenyang

9.20

8.80

0.40

-

Beijing

9.20

8.80

0.40

-

Average

9.30

8.83

0.47

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Apr 3
(RMB/kg)

Price as of Mar 27
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

11.60

11.10

0.50

Sichuan

Chengdu

11.10

10.70

0.40

Shandong

Jinan

11.70

11.00

0.70

Henan

Zhengzhou 

11.60

11.20

0.40

Liaoning

Shenyang

11.10

10.70

0.40

-

Beijing

11.35

10.95

0.40

-

Average

11.41

10.94

0.47

Prices are for reference only.
RMB1=US$0.1452 (Apr 5) 

 
 
Market analysis
 
Export demand improved as supplies of lysine from southeast Asia decreased due to CJ's plant shut-down in Indonesia. Meanwhile domestic sales of lysine gained momentum as feed millers stepped up hog feed production, albeit at a prudent pace.
 
With supplies tight, Chinese lysine producers lifted prices by almost 5% over the week.
 
In Europe, price quotes for Q2 deliveries were stable in the range of EUR1.30-1.36/kg.
 
 
Market forecast      
        
Overseas demand for lysine is expected to be firm, lending support to China market together with rising feed production. Nonetheless, soymeal prices have dropped by 8% since late January, and are projected to weaken further. This will limit the usages of lysine in feed formulation, hence limiting the upward scope of the market.
 


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