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Feed Supplements/Additives

August 6, 2019
                                              
China Lysine Weekly: Market stays weak despite low output (week ended Aug 5, 2019)
 
An eFeedLink Exclusive
 
  
Price summary
 
Prices moved weaker.
 
Price quotes of 98.5-percent lysine dipped to the range of RMB6.90-7.40/kg. The average price of lysine fell by RMB0.20/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 were at RMB8.80-9.70/kg.
 

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

Provinces

City/Municipality

Price as of
Aug 5
(RMB/kg)

Price as of
Jul 22
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.10

7.10

0.00

Sichuan

Chengdu

6.90

8.10

-1.20

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.30

7.30

0.00

Liaoning

Shenyang

7.40

7.40

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.23

7.43

-0.20

 

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

Provinces

City/Municipality

Price as of
Aug 5
(RMB/kg)

Price as of
Jul 22
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.20

9.20

0.00

Sichuan

Chengdu

8.80

10.00

-1.20

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.70

9.70

0.00

Liaoning

Shenyang

9.30

9.30

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.34

9.54

-0.20

Prices are for reference only.
RMB1=US$0.1420 (Aug 6) 

 
 
Market analysis
 
Sales of lysine showed little improvement with soymeal prices soft and hog feed production diminishing. Even though supplies decreased due to routine plant maintenance, lysine market remained under pressure amid mounting inventories. Producers who held price quotes high slashed prices to remain competitive.
 
In Europe, price quotes stayed at EUR1.20/kg.
 
 
Market forecast            

Several lysine producers are barely making ends meet or incurring losses at current price levels. With demand set to remain, sluggish lysine producers will limit output to minimise losses.
 

 

 


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