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China

June 25, 2019
 
China Lysine Weekly: Market stays stable with output decreased (week ended Jun 24, 2019)

An eFeedLink Exclusive
 

Price summary

Prices were mostly unchanged.

Price quotes of 98.5-percent lysine were 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 stayed in the range of RMB4.30-4.50/kg.

For imported 98.5-percent lysine, transacted prices remained at RMB9.30-10.40/kg.
 

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

Provinces

City/Municipality

Price as of
Jun 24
(RMB/kg)

Price as of
Jun 17
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.20

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

8.50

8.50

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.52

7.53

-0.01

 

 

 

 

 

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

Provinces

City/Municipality

Price as of
Jun 24
(RMB/kg)

Price as of
Jun 17
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.30

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

10.40

10.40

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.63

9.64

-0.01

Prices are for reference only.
RMB1=US$0.1455 (Jun 24)

 
 
Market analysis

Lacklustre hog feed demand continued to impede the sales of lysine even though more buyers were making enquiries due to h1igh soymeal costs. Producers stood firm while scheduling for routine plant maintenance during summer but a handful of sellers cut prices slightly to close deals.

In Europe, price quotes were unchanged at EUR1.20/kg.
 
 
Market forecast 

With the costs of production high and supplies tighter due to production halts during summer, lysine market is expected to remain firm. Nonetheless, sharp rise in prices are unlikely with hog feed production limited and the capacity of the industry in excess.
 


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