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Market Reports

October 15, 2018
 
China Lysine Weekly: Market strengthens on tight availability (week ended Oct 15, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.
 
Price quotes of 98.5-percent lysine were in the range of RMB8.30-8.50/kg. Average price of lysine rose by RMB0.07/kg to RMB8.45/kg.
 
Price quotes of 70-percent lysine were higher at RMB5.10-5.20/kg.
 
For imported 98.5-percent lysine, transacted increased to the range of RMB10.40-10.90/kg.
 

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

Provinces

City/Municipality

Price as of
Oct 15
(RMB/kg)

Price as of
Sep 30
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.50

8.50

0.00

Sichuan

Chengdu

8.50

8.30

0.20

Shandong

Jinan

8.30

8.30

0.00

Henan

Zhengzhou 

8.50

8.50

0.00

Liaoning

Shenyang

8.50

8.40

0.10

-

Beijing

8.40

8.30

0.10

-

Average

8.45

8.38

0.07

 

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

Provinces

City/Municipality

Price as of
Oct 15
(RMB/kg)

Price as of
Sep 30
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.60

10.60

0.00

Sichuan

Chengdu

10.40

10.20

0.20

Shandong

Jinan

10.50

10.50

0.00

Henan

Zhengzhou 

10.90

10.90

0.00

Liaoning

Shenyang

10.40

10.30

0.10

-

Beijing

10.55

10.45

0.10

-

Average

10.56

10.49

0.07

Prices are for reference only.
RMB1=US$0.1445 (Oct 15) 

 
 
Market analysis
 
Supplies of lysine remained limited, hence lending support to the market even as sales were slow after the long holidays. Feed millers, who were wary of the outbreak of African swine fever, limited the purchases of lysine while holding back feed production.
 
In Europe, price quotes stayed flat in the range of EUR1.23-1.30/kg.
 
 
Market forecast

Lysine prices will stay firm with availability tight and the costs of soymeal high. However, the upward scope of the market will be limited due to the uncertain outlook of the hog sector.

 

 

 

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