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June 13, 2017
                                           
China Lysine Weekly: Prices show no signs of stabilising (week ended Jun 12, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices continued to fall.
 
Price quotes of 98.5-percent lysine dipped to the range of RMB7.80-8/kg. Average price fell by RMB0.22/kg to RMB7.93/kg.
                                                   
Price quotes of 70-percent lysine slid to RMB4.50-5/kg.
 
For imported 98.5-percent lysine, transacted prices dropped to the range of RMB9.90-10.30/kg.
 

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

Provinces

City/Municipality

Price as of Jun 12
(RMB/kg)

Price as of Jun 5
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.00

8.50

-0.50

Sichuan

Chengdu

8.00

8.20

-0.20

Shandong

Jinan

7.80

8.00

-0.20

Henan

Zhengzhou 

7.90

8.00

-0.10

Liaoning

Shenyang

8.00

8.20

-0.20

-

Beijing

7.90

8.00

-0.10

-

Average

7.93

8.15

-0.22

 

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

Provinces

City/Municipality

Price as of Jun 12
(RMB/kg)

Price as of Jun 5
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.10

10.60

-0.50

Sichuan

Chengdu

9.90

10.10

-0.20

Shandong

Jinan

10.00

10.20

-0.20

Henan

Zhengzhou 

10.30

10.40

-0.10

Liaoning

Shenyang

9.90

10.10

-0.20

-

Beijing

10.05

10.15

-0.10

-

Average

10.04

10.26

-0.22

Prices are for reference only.
RMB1=US$0.1471 (Jun 13)

 
 
Market analysis
 
Moreover, soymeal prices continued to slide, prompting feed millers to limit the usages of lysine in production, while export demand slackened over the week.
 
In Europe, price quotes for Q2 deliveries were softer in the range of EUR1.34/kg.
 
 
Market forecast              

Supplies of lysine are set to tighten as producers schedule for routine maintenance during summer. Nonetheless, with hog market staying weak and soymeal prices set to remain soft, demand for lysine will be limited. Prices are therefore unlikely to rebound in the near term.
 

 


 
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