August 11, 2015
Producers cut lysine prices in China amid rising inventory pressure
Lysine prices dropped during the week ending August 11.
A handful of large lysine producers attempted to hold up prices but in vain, as most producers, who were eager to clear bloating inventories, cut prices in a bid to entice buyers.
Price quotes of 98.5-percent lysine fell to the range of RMB8-8.40/kg.
With exports slowing and domestic sales limited, lysine market will be under pressure.
RMB1=US$0.1587 (Aug 11)
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