April 30, 2014
China lysine market shows signs of recovering
Lysine prices remained firm during the week ending April 29.
As soymeal market showed signs of strengthening of late, buyers increased stockpiles, albeit prudently. Encouraged by the warming demand and a stable export market, several lysine producers attempted to lift prices.
For imported 98.5-percent lysine, transacted prices increased to the range of RMB9.20-9.45/kg.
Lysine prices are seen stable to higher in the coming period.
RMB1=US$0.1596 (Apr 30)
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