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Lysine

July 2, 2019

China Lysine Weekly: Market shows signs of weakening (week ended Jul 1, 2019)

An eFeedLink Exclusive
 
 
Price summary

Prices were stable to lower.

Price quotes of 98.5-percent lysine stayed in the range of RMB7.20-8.50/kg. The average price of lysine slid RMB0.04/kg to RMB7.48/kg.

Price quotes of 70-percent lysine were in the range of RMB4.30-4.50/kg.

For imported 98.5-percent lysine, transacted prices softened to RMB9.10-10.40/kg.
 

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

Provinces

City/Municipality

Price as of
Jul 1
(RMB/kg)

Price as of
Jun 24
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.2

7.2

0

Sichuan

Chengdu

7.2

7.4

-0.2

Shandong

Jinan

7.4

7.4

0

Henan

Zhengzhou 

7.3

7.3

0

Liaoning

Shenyang

8.5

8.5

0

-

Beijing

7.3

7.3

0

-

Average

7.48

7.52

-0.04

 

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

Provinces

City/Municipality

Price as of
Jul 1
(RMB/kg)

Price as of
Jun 24
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.3

9.3

0

Sichuan

Chengdu

9.1

9.3

-0.2

Shandong

Jinan

9.6

9.6

0

Henan

Zhengzhou 

9.7

9.7

0

Liaoning

Shenyang

10.4

10.4

0

-

Beijing

9.45

9.45

0

-

Average

9.59

9.63

-0.04

Prices are for reference only.
RMB1=US$0.1457 (Jul 1) 

 
 
Market analysis

Trade was light as hog feed consumption dwindled amid diminishing animal inventories. Although supplies decreased as producers started to halt operation for routine maintenance, prices showed signs of weakening amid ample availability.
In Europe, price quotes remained at EUR1.20/kg.
 
 
Market forecast            

As China has placed orders for 544,000 tonnes of soy form the US just before the presidents of the two countries met during the G20 meeting, soymeal prices are likely to soften, hence decimating the sales of lysine. This, together with decreasing hog feed consumption, will exert pressure on lysine market.
 

 

 

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