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MARKET

July 3, 2018
                                 
China Lysine Weekly: Prices stable despite improved sales (week ended Jul 2, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained stable.
 
Price quotes of 98.5-percent lysine were in the range of RMB7.80-8.20/kg. Average price of lysine increased RMB7.97/kg to RMB8.04/kg.
     
Price quotes of 70-percent lysine stayed unchanged to RMB4.30-4.60/kg.
 
For imported 98.5-percent lysine, transacted were stable in the range of RMB9.90-10.40/kg.
 

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

Provinces

City/Municipality

Price as of Jul 2
(RMB/kg)

Price as of Jun 25
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.80

7.80

0.00

Sichuan

Chengdu

8.00

8.00

0.00

Shandong

Jinan

7.80

7.80

0.00

Henan

Zhengzhou 

8.00

8.00

0.00

Liaoning

Shenyang

8.00

8.00

0.00

-

Beijing

8.20

8.00

0.20

-

Average

7.97

7.93

0.04

 

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

Provinces

City/Municipality

Price as of Jul 2
(RMB/kg)

Price as of Jun 25
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.90

9.90

0.00

Sichuan

Chengdu

9.90

9.90

0.00

Shandong

Jinan

10.00

10.00

0.00

Henan

Zhengzhou 

10.40

10.40

0.00

Liaoning

Shenyang

9.90

9.90

0.00

-

Beijing

10.35

10.15

0.20

-

Average

10.08

10.04

0.04

Prices are for reference only.
RMB1=US$0.1492 (Jul 3)  

 
 
Market analysis
 
Although the demand for animal feed stayed flat, feed millers increased lysine stocks as soymeal prices strengthened considerably of late. However, overall sales were not robust enough to lift prices
 
In Europe, price quotes were in the range of EUR1.30-1.35/kg.
 
 
Market forecast            

With hog feed consumption slow and lysine supplies abundant, feed producers will not be motivated to stockpile inventories. Nonetheless, a strong soymeal market and improved export sales will lend some support to lysine prices.
 

 

 

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