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FEED & LIVESTOCK MARKET

July 29, 2019
                                              
China Lysine Weekly: Feed output cut slashes demand (week ended Jul 15, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices stayed soft.
 
Price quotes of 98.5-percent lysine slid to the range of RMB7.10-7.40/kg. The average price of lysine dropped RMB0.02/kg to RMB7.23/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 stayed at RMB9-9.70/kg.
 

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

Provinces

City/Municipality

Price as of
Jul 15
(RMB/kg)

Price as of
Jul 8
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.20

7.20

0.00

Sichuan

Chengdu

7.10

7.20

-0.10

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.30

7.30

0.00

Liaoning

Shenyang

7.10

7.10

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.23

7.25

-0.02

 

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

Provinces

City/Municipality

Price as of
Jul 15
(RMB/kg)

Price as of
Jul 8
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.30

9.30

0.00

Sichuan

Chengdu

9.00

9.10

-0.10

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.70

9.70

0.00

Liaoning

Shenyang

9.00

9.00

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.34

9.36

-0.02

Prices are for reference only.
RMB1=US$0.1455 (Jul 16) 

 
 
Market analysis
 
Trade remained slow in lysine market, holding prices soft over the week. As hog feed demand dwindled with animal population shrinking, feed producers limited lysine purchases while cutting output. Additionally, sliding soymeal prices prompted buyers to hold back lysine buying in anticipation of lower usages.
 
In Europe, price quotes remained at EUR1.20/kg.
 
 
Market forecast            

Cargill has announced recently that due to the outbreak of African Swine Fever, it has shut down feed mills in China, cutting feed production by 150,000 tonnes each year. This long term strategic move of feed producers, which lasts for 2-3 years in Cargill's case, will suppress the demand for lysine, exerting pressure on producers.
 

 

 


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