November 12, 2014
China lysine prices dip further as market competition intensifies
Lysine prices were lower during the week ending November 11.
Demand for lysine improved of late while several feed millers restocked depleted inventories. However, prices continued to drop with supplies in excess due to increased output.
Price quotes of 65-percent lysine and 70-percent lysine were soft at RMB5/kg and RMB6.60-7/kg respectively.
Prices of lysine are set to slide further in the coming week.
RMB1=US$0.1632 (Nov 12)
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