April 30, 2014
China Lysine Weekly: Market shows signs of recovering (week ended Apr 29, 2014)
An eFeedLink Exclusive
Price summary
Prices remained firm.
Price quotes of 98.5-percent lysine increased to RMB7-7.30/kg. Average transacted price were higher by RMB0.08/kg to RMB7.20/kg.
Price quotes of 65-percent lysine and 70-percent lysine were at RMB4.10-4.30/kg and RMB4.50-4.60/kg respectively.
As for imported 98.5-percent lysine, transacted prices increased to the range of RMB9.20-9.45/kg.
|
Weekly transacted prices of imported lysine in China (RMB/kg) | ||||
|
Provinces |
City/Municipality |
Price as of Apr 29 |
Price as of Apr 22 |
Price change |
|
Guangdong |
Guangzhou |
7.20 |
7.20 |
0.00 |
|
Sichuan |
Chengdu |
7.30 |
7.00 |
0.30 |
|
Shandong |
Jinan |
7.20 |
7.20 |
0.00 |
|
Henan |
Zhengzhou |
7.00 |
6.80 |
0.20 |
|
Liaoning |
Shenyang |
7.20 |
7.20 |
0.00 |
|
- |
Beijing |
7.30 |
7.30 |
0.00 |
|
- |
Average |
7.20 |
7.12 |
0.08 |
|
Weekly prices of imported lysine in China (RMB/kg) | ||||
|
Provinces |
City/Municipality |
Price as of Apr 29 |
Price as of Apr 22 |
Price change |
|
Guangdong |
Guangzhou |
9.30 |
9.30 |
0.00 |
|
Sichuan |
Chengdu |
9.20 |
8.90 |
0.30 |
|
Shandong |
Jinan |
9.40 |
9.40 |
0.00 |
|
Henan |
Zhengzhou |
9.40 |
9.20 |
0.20 |
|
Liaoning |
Shenyang |
9.10 |
9.10 |
0.00 |
|
- |
Beijing |
9.45 |
9.45 |
0.00 |
|
- |
Average |
9.31 |
9.23 |
0.08 |
|
Prices are for reference only. | ||||
Market analysis
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.
China's lysine export jumped a whopping 44% on-month to 5,235 tonnes during March. However, this was still 16% lower on-year.
In Europe, price quotes for Q3 deliveries were slightly higher in the range of EUR1.07-1.09/kg. Chinese products were priced at EUR1.02-1.05/kg.
Market forecast
Lysine prices are seen stable to higher in the coming period with animal feed consumption and soymeal prices expected to increase, while export demand and production stay stable.
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