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MARKET

May 15, 2019
                                              
China Lysine Weekly: Market shows signs of strengthening (week ended May 13, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were weak.
 
Price quotes of 98.5-percent lysine were stable to higher in the range of RMB7.20-7.80/kg. The average price of lysine strengthened to RMB7.42/kg.
     
Price quotes of 70-percent lysine increased to the range of RMB4.50-5.40/kg.
 
For imported 98.5-percent lysine, transacted prices were at RMB9.35-9.70/kg.
 

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

Provinces

City/Municipality

Price as of
May 13
(RMB/kg)

Price as of
May 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.40

7.30

0.10

Sichuan

Chengdu

7.40

7.40

0.00

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.30

7.30

0.00

Liaoning

Shenyang

7.80

7.50

0.30

-

Beijing

7.20

7.20

0.00

-

Average

7.42

7.35

0.07

 

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

Provinces

City/Municipality

Price as of
May 13
(RMB/kg)

Price as of
May 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.50

9.40

0.10

Sichuan

Chengdu

9.30

9.30

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.70

9.70

0.00

Liaoning

Shenyang

9.70

9.40

0.30

-

Beijing

9.35

9.35

0.00

-

Average

9.53

9.46

0.07

Prices are for reference only.
RMB1=US$0.1455 (May 15) 

 
 
Market analysis
 
Demand for soymeal remained stable but feed producers were cautious while the outlook of the hog sector was bleak. Nonetheless, a handful of traders and producers lifted price quotes in anticipation of stronger sales as soy supplies tighten with the US and China trade talk failed. Moreover, export sales are expected to increase with lysine demand in Europe strengthening.
 
In Europe, price quotes climbed to EUR1.20/kg.
 
 
Market forecast            

Lysine market is projected to stay firm as production costs increase with rising corn prices. Additionally, firm export demand and likely increase usages of lysine will help producers to clear stocks.
 

 

 


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