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April 9, 2018
                                              
China Lysine Weekly: Market stays soft despite attempts to lift prices (week ended Apr 9, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained flat.
 
Price quotes of 98.5-percent lysine were unchanged around RMB8.80/kg.
     
Price quotes of 70-percent lysine remained in the range of RMB4.60-4.80/kg.
 
For imported 98.5-percent lysine, transacted were in the range of RMB10.70-11.20/kg.
 

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

Provinces

City/Municipality

Price as of Apr 9
(RMB/kg)

Price as of Apr 3
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.80

8.80

0.00

Shandong

Jinan

8.80

8.80

0.00

Henan

Zhengzhou 

8.80

8.80

0.00

Liaoning

Shenyang

8.80

8.80

0.00

-

Beijing

8.80

8.80

0.00

-

Average

8.80

8.80

0.00

 

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

Provinces

City/Municipality

Price as of Apr 9
(RMB/kg)

Price as of Apr 3
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.90

10.90

0.00

Sichuan

Chengdu

10.70

10.70

0.00

Shandong

Jinan

11.00

11.00

0.00

Henan

Zhengzhou 

11.20

11.20

0.00

Liaoning

Shenyang

10.70

10.70

0.00

-

Beijing

10.95

10.95

0.00

-

Average

10.91

10.91

0.00

Prices are for reference only.
RMB1=US$0.1588 (Apr 9)  

 
 
Market analysis
 
One producer lifted price quotes of lysine but most players in the market held prices unchanged. With demand for hog feed sluggish while the hog market continued to stay weak, and exports hampered by a strong renminbi and Russian's ban, sales of lysine were slack. Hence, most producers refrained from increasing prices in a bid to entice buyers.
 
In Europe, price quotes stayed stable in the range of EUR1.31-1.36/kg.
 
 
Market forecast            

Lysine market is expected to remain soft in the near term with domestic sales slow and export demand weak. However, it should be noted that China has listed pork and soy as a targeted products in its trade war with the US. Once the import tariffs on these products are implemented, lysine market will strengthen amid rising demand.
 

 

 


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