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August 19, 2019
                                              
China Lysine Weekly: Sellers in China attempt to lift prices but in vain (week ended Aug 19, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were mostly stable.
 
Price quotes of 98.5-percent lysine were stable to higher in the range of RMB6.90-7.40/kg. The average price of lysine inched up RMB0.02/kg to RMB7.17/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 remained at RMB8.80-9.60/kg.
 

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

Provinces

City/Municipality

Price as of
Aug 12
(RMB/kg)

Price as of
Aug 5
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.00

6.70

0.30

Sichuan

Chengdu

6.90

6.90

0.00

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.00

7.20

-0.20

Liaoning

Shenyang

7.40

7.40

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.17

7.15

0.02

 

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

Provinces

City/Municipality

Price as of
Aug 12
(RMB/kg)

Price as of
Aug 19
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.10

8.80

0.30

Sichuan

Chengdu

8.80

8.80

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.40

9.60

-0.20

Liaoning

Shenyang

9.30

9.30

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.28

9.26

0.02

Prices are for reference only.
RMB1=US$0.1419 (Aug 19) 

 
 
Market analysis
 
Although a handful of sellers attempted to lift prices while supplies diminished, lysine market remained weak amid slack demand. With hog feed demand dwindling, feed producers withheld the purchases of raw ingredients in view of slow sales.
 
In Europe, price quotes stayed at EUR1.20/kg.
 
 
Market forecast            

Lysine market is expected to stay weak with demand fundamentally low and supply ample. However, price falls will be limited at current record low levels. More producers will cut output in the coming period.
 

 

 


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