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MARKET

November 5, 2018
                                              
China Lysine Weekly: Producers stand firm amid low inventory pressure (week ended Nov 5, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed firm.
 
Price quotes of 98.5-percent lysine remained in the range of RMB8.50-8.80/kg. Average price of lysine increased RMB0.03/kg at RMB8.58/kg.
     
Price quotes of 70-percent lysine strengthened to RMB5.50-5.60/kg.
 
For imported 98.5-percent lysine, transacted were in the range of RMB10.40-11/kg.
 

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

Provinces

City/Municipality

Price as of
Nov 5
(RMB/kg)

Price as of
Oct 29
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.60

8.50

0.10

Sichuan

Chengdu

8.50

8.50

0.00

Shandong

Jinan

8.80

8.80

0.00

Henan

Zhengzhou 

8.50

8.50

0.00

Liaoning

Shenyang

8.60

8.50

0.10

-

Beijing

8.50

8.50

0.00

-

Average

8.58

8.55

0.03

 

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

Provinces

City/Municipality

Price as of
Nov 5
(RMB/kg)

Price as of
Oct 29
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.70

10.60

0.10

Sichuan

Chengdu

10.40

10.40

0.00

Shandong

Jinan

11.00

11.00

0.00

Henan

Zhengzhou 

10.90

10.90

0.00

Liaoning

Shenyang

10.50

10.40

0.10

-

Beijing

10.65

10.65

0.00

-

Average

10.69

10.66

0.03

Prices are for reference only.
RMB1=US$0.1447 (Nov 5) 

 
 
Market analysis
 
As export demand remained robust, lysine producers held up prices amid low inventory pressure. However, demand for lysine was sluggish as hog feed producers limited output cautiously while the outbreak of African swine fever remained severe.

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

As renminbi appreciated of late, overseas buyers are expected to hold back purchases in the near term. This, in conjunction with poor domestic demand, will hold down the prices of lysine.
 

 

 

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