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MARKET

August 7, 2018
                                              
China Lysine Weekly: Market under inflationary pressure despite soft local demand (week ended Aug 6, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices rose further.
 
Price quotes of 98.5-percent lysine rose to the range of RMB8-8.20/kg. Average price of lysine were higher by RMB0.20/kg at RMB8.10/kg.
     
Price quotes of 70-percent lysine stayed at RMB4.50-4.60/kg.
 
For imported 98.5-percent lysine, transacted increased to the range of RMB10.10-10.60/kg.
 

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

Provinces

City/Municipality

Price as of Aug 6
(RMB/kg)

Price as of Jul 30
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.00

7.80

0.20

Sichuan

Chengdu

8.20

8.00

0.20

Shandong

Jinan

8.00

7.80

0.20

Henan

Zhengzhou 

8.20

8.00

0.20

Liaoning

Shenyang

8.20

8.00

0.20

-

Beijing

8.00

7.80

0.20

-

Average

8.10

7.90

0.20

 

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

Provinces

City/Municipality

Price as of Aug 6
(RMB/kg)

Price as of Jul 30
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.10

9.90

0.20

Sichuan

Chengdu

10.10

9.90

0.20

Shandong

Jinan

10.20

10.00

0.20

Henan

Zhengzhou 

10.60

10.40

0.20

Liaoning

Shenyang

10.10

9.90

0.20

-

Beijing

10.15

9.95

0.20

-

Average

10.21

10.01

0.20

Prices are for reference only.
RMB1=US$0.1463 (Aug 7)  

 
 
Market analysis
 
Imported lysine market strengthened as distributors lifted prices to cover higher import costs due to the depreciation of renminbi. Meanwhile, lower production during summer, together with improved export demand, tightened availability of lysine, hence lifting prices over the week.

In Europe, price quotes remained stable the range of EUR1.23-1.30/kg.
 
 
Market forecast            

Lysine consumption in China will remain slow with the hog market staying weak and animal population limited. However, lysine market will face inflationary pressure due to tighter availability and higher import costs.
 

 

 


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