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April 11, 2017
                                        
China Lysine Weekly: Light trade holds prices flat (week ended Apr 10, 2017)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were unchanged.
 
Price quotes of 98.5-percent lysine remained in the range of RMB9.20-9.50/kg. Average prices were unchanged at RMB9.30/kg.
                                                   
Price quotes of 70-percent lysine stayed 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 10
(RMB/kg)

Price as of Apr 3
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

11.00

11.50

-0.50

Sichuan

Chengdu

11.50

11.50

0.00

Shandong

Jinan

10.50

10.80

-0.30

Henan

Zhengzhou 

10.50

10.50

0.00

Liaoning

Shenyang

10.80

11.20

-0.40

-

Beijing

10.50

10.80

-0.30

-

Average

10.80

11.05

-0.25

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Apr 10
(RMB/kg)

Price as of Apr 3
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

13.10

13.60

-0.50

Sichuan

Chengdu

13.40

13.40

0.00

Shandong

Jinan

12.70

13.00

-0.30

Henan

Zhengzhou 

12.90

12.90

0.00

Liaoning

Shenyang

12.70

13.10

-0.40

-

Beijing

12.65

12.95

-0.30

-

Average

12.91

13.16

-0.25

Prices are for reference only.
RMB1=US$0.1449 (Apr 11) 

 

Market analysis
 
Corn prices strengthened of late, prompting lysine producers to hold prices firm amid higher output expenses. However, trade was light due to the Qingming Festival holidays, hence putting a lid on lysine prices.
 
In Europe, price quotes for Q2 deliveries remained flat in the range of EUR1.30-1.36/kg as most buyers have placed orders for the quarter.
 
 
Market forecast     
         
Robust overseas demand for Chinese lysine will lend support to the prices. However, with domestic buyers staying prudent and the corn market under pressure due to the selling of state corn reserves, price of lysine are unlikely to surge rapidly.
 
 

 


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