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Market Reports

September 30, 2019
                                              
China Lysine Weekly: Low availability underpins prices (week ended Sep 30, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were stable.
 
Price quotes of 98.5-percent lysine were stable to marginally higher in the range of RMB6.50-7.40/kg. The average price of lysine increased to RMB7.02/kg.
     
Price quotes of 70-percent lysine stayed in the range of RMB4.20-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices were at RMB8.40-9.60/kg.
 

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

Provinces

City/Municipality

Price as of
Sep 30
(RMB/kg)

Price as of
Sep 23
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

6.50

6.40

0.10

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

6.80

6.80

0.00

Liaoning

Shenyang

7.40

7.40

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.02

7.00

0.02

 

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

Provinces

City/Municipality

Price as of
Sep 30
(RMB/kg)

Price as of
Sep 23
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.30

8.30

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.20

9.20

0.00

Liaoning

Shenyang

9.30

9.30

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.11

9.11

0.00

Prices are for reference only.
RMB1=US$0.1404 (Sep 30) 

 
 
Market analysis
 
Demand for lysine dwindled gradually as feed producers limited output with the long holidays approaching. Nonetheless, as producers cut production of lysine substantially, prices were stable to higher amid tight availability.
 
In Europe, price quotes remained around EUR1.20/kg.
 
 
Market forecast            

Due to the high release volumes during September and low piglet production rates, hog population is set to shrink significantly. Subdued demand will limit the upward scope of lysine market even as supplies stay tight.
 

 

 

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