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Aquaculture Newsletter

September 18, 2019
                                              
China Lysine Weekly: Prices consolidate lower (week ended Sep 16, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were mostly stable.
 
Price quotes of 98.5-percent lysine stayed in the range of RMB6.40-7.40/kg. The average price of lysine dipped RMB0.03/kg to RMB7/kg.
     
Price quotes of 70-percent lysine were higher in the range of RMB4.30-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices softened to RMB8.30-9.60/kg.
 

Provinces

City/Municipality

Price as of
Sep 16
(RMB/kg)

Price as of
Sep 9
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

6.40

7.00

-0.60

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

6.80

6.40

0.40

Liaoning

Shenyang

7.40

7.40

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.00

7.03

-0.03

 

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

Provinces

City/Municipality

Price as of
Sep 16
(RMB/kg)

Price as of
Sep 9
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.90

8.90

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

8.80

9.40

-0.60

Liaoning

Shenyang

9.30

9.30

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.14

9.24

-0.10

Prices are for reference only.
RMB1=US$0.1411 (Sep 18) 

 
 
Market analysis

Prices of lysine showed signs of stabilising as producers limited output. Several major producers halted price releases with low stocks availability. Meanwhile, demand improved, albeit to a limited extent, helping to lend support to the market.
 
In Europe, price quotes stayed unchanged at EUR1.20/kg.
 
 
Market forecast            

Smaller lysine producers, who are incurring losses at current price levels, will cut output further. Prices should stabilise gradually in the coming period. Nonetheless, with hog inventories tremendously lower due to the African Swine Fever outbreak, the sales of hog feed and hence lysine will be limited.
 

 

 


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