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Market Reports

October 2, 2018
                                              
China Lysine Weekly: Tight supply, high costs lift prices (week ended Sep 30, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained strong.
 
Price quotes of 98.5-percent lysine increased to the range of RMB8.30-8.50/kg. Average price of lysine climbed to RMB0.20/kg to RMB8.38/kg.
     
Price quotes of 70-percent lysine climbed to RMB4.90-5.20/kg.
 
For imported 98.5-percent lysine, transacted were higher in the range of RMB10.20-10.90/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 24
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.50

8.20

0.30

Sichuan

Chengdu

8.30

8.20

0.10

Shandong

Jinan

8.30

8.20

0.10

Henan

Zhengzhou 

8.50

8.20

0.30

Liaoning

Shenyang

8.40

8.20

0.20

-

Beijing

8.30

8.10

0.20

-

Average

8.38

8.18

0.20

 

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

Provinces

City/Municipality

Price as of
Sep 30
(RMB/kg)

Price as of
Sep 24
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.60

10.30

0.30

Sichuan

Chengdu

10.20

10.10

0.10

Shandong

Jinan

10.50

10.40

0.10

Henan

Zhengzhou 

10.90

10.60

0.30

Liaoning

Shenyang

10.30

10.10

0.20

-

Beijing

10.45

10.25

0.20

-

Average

10.49

10.29

0.20

Prices are for reference only.
RMB1=US$0.1456 (Oct 2) 

 
 
Market analysis
 
The availability of lysine was tight as several producers limited output. With pre-festive demand firm and the costs of raw ingredients high, prices of lysine rose considerably over the week.

In Europe, price quotes were unchanged in the range of EUR1.23-1.30/kg.
 
 
Market forecast            

Lysine prices are seen stable during the first week of October amid light trade.
 
After the long holidays, increased production is expected to limit the upward scope of prices. Nonetheless, with soymeal market staying firm and the costs of production high, producers will stand firm.
 

 

 


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