September 13, 2016
Lysine prices plunge in China amid tough competition
Lysine prices fell sharply during the week ending September 12.
Prices of 98.5-percent plummeted as supplies increased while producers who halted operation during August resumed production, and cut prices with stocks expanding.
Price quotes of 98.5-percent lysine dropped to the range of RMB8.50-8.80/kg.
Although lysine prices are less likely to drop drastically following the recent week's plummet, the market is expected to be weak amid strong competition.
RMB1=US$0.1497 (Sep 13)
The full market report (with complete data) of this excerpt is available here.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.