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FEED & LIVESTOCK MARKET

August 27, 2019
                       
China Lysine Weekly: Quiet market supresses prices (week ended Aug 26, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices remained flat.
 
Price quotes of 98.5-percent lysine were unchanged in the range of RMB6.90-7.40/kg. The average price of lysine was RMB7.17/kg.
     
Price quotes of 70-percent lysine stayed in the range of RMB4.30-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices were at RMB8.80-9.60/kg.
 

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

Provinces

City/Municipality

Price as of
Aug 19
(RMB/kg)

Price as of
Aug 26
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

7.00

7.00

0.00

Sichuan

Chengdu

6.90

6.90

0.00

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.00

7.00

0.00

Liaoning

Shenyang

7.40

7.40

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.17

7.17

0.00

 

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

Provinces

City/Municipality

Price as of
Aug 19
(RMB/kg)

Price as of
Aug 26
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

9.10

9.10

0.00

Sichuan

Chengdu

8.80

8.80

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.40

9.40

0.00

Liaoning

Shenyang

9.30

9.30

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.28

9.28

0.00

Prices are for reference only.
RMB1=US$0.1309 (Aug 27) 

 
 
Market analysis
 
Sales of lysine showed little improvement with hog population decreasing due to the rampant spreading of the African Swine Fever disease. Hence, even though a handful of producers attempted to lift prices in the previous, week, the quiet market put a lid on lysine prices. Several producers of lysine halted price releases while slashing output.
 
In Europe, price quotes remained at EUR1.20/kg.
 
 
Market forecast            

Lysine prices are less likely to firm up even though supplies diminish as producers cut production. With hog feed consumption shrinking, poor demand will compel producers to cut output further.
 
Lysine imports are set to dwindle substantially as a weak renminbi pushes up the costs of overseas products; hence slashing profit margins in conjunction with record low prices. This will help to stabilise lysine prices.
 

 

 

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