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June 11, 2019
                                              
China Lysine Weekly: Market stays firm amid a confluence of factors (week ended Jun 10, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were stable.
 
Price quotes of 98.5-percent lysine remained in the range of RMB7.20-8.50/kg. The average price of lysine inched up to RMB7.52/kg.
     
Price quotes of 70-percent lysine were unchanged in the range of RMB4.40-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices were at RMB9.30-10.40/kg.
 

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

Provinces

City/Municipality

Price as of
Jun 10
(RMB/kg)

Price as of
Jun 3
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.30

7.20

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

8.50

8.50

0.00

-

Beijing

7.20

7.20

0.00

-

Average

7.52

7.50

0.02

 

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

Provinces

City/Municipality

Price as of
Jun 10
(RMB/kg)

Price as of
Jun 3
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.40

9.30

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

10.40

10.40

0.00

-

Beijing

9.35

9.35

0.00

-

Average

9.63

9.61

0.02

Prices are for reference only.
RMB1=US$0.1443 (Jun 11) 

 
 
Market analysis
 
Lysine producers stood firm while corn prices increased amid tight availability. Moreover, several producers halted operation for routine maintenance, hence heightening the availability of the product. Feed millers stocked inventories cautiously as soymeal prices strengthened prominently by 15% during May.
 
In Europe, price quotes were at EUR1.20/kg.
 
 
Market forecast            

Prices of lysine are seen stable to higher in the coming period with supplies tight, production costs high and export orders on the rise due to a weak renminbi. Nevertheless, price hikes will be limited due to poor hog feed demand.
 

 

 


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