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November 1, 2016

China Lysine Weekly: Prices stay stable in amid lacklustre demand (week ended Oct 31, 2016)

An eFeedLink Exclusive
  
 
Price summary

Prices were mostly unchanged.

Price quotes of 98.5-percent lysine were in the range of RMB8.20-8.50/kg. Average prices increased RMB0.04/kg to RMB8.37/kg.
 
Price quotes of 70-percent lysine increased to the range of RMB5.30-5.50/kg.

For imported 98.5-percent lysine, transacted prices were at RMB10.30-10.70/kg.
 

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

Provinces

City/Municipality

Price as of Oct 31
(RMB/kg)

Price as of Oct 24
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.20

8.20

0.00

Sichuan

Chengdu

8.40

8.40

0.00

Shandong

Jinan

8.40

8.40

0.00

Henan

Zhengzhou 

8.30

8.00

0.30

Liaoning

Shenyang

8.40

8.50

-0.10

-

Beijing

8.50

8.50

0.00

-

Average

8.37

8.33

0.04

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Oct 31
(RMB/kg)

Price as of Oct 24
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.30

10.30

0.00

Sichuan

Chengdu

10.30

10.30

0.00

Shandong

Jinan

10.60

10.60

0.00

Henan

Zhengzhou 

10.70

10.40

0.30

Liaoning

Shenyang

10.30

10.40

-0.10

-

Beijing

10.65

10.65

0.00

-

Average

10.48

10.44

0.04

Prices are for reference only.
RMB1=US$0.1476 (Nov 1)

 
   
Market analysis

Sales of hog feed remained sluggish as the hog market stayed weak. Hence, after lifting prices the previous week, lysine producers found it difficult to increase prices further even though soymeal prices moved higher lately.

During September, China exported 29,630 tonnes of lysine, lower by over 9% on-month.

In Europe, price quotes for Q4 deliveries were in the range of EUR1.20-1.24/kg. For spot deliveries, prices were stable at EUR1.25-1.27/kg.
 

Market forecast
 
Demand for lysine is expected to be slow in the domestic market, putting a lid on the prices. However, export demand is strong as producers lowered prices to entice overseas buyers while renminbi is weak. Producers will therefore not be keen to slash prices amid low inventory pressure.
 

 


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