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Market Reports

November 12, 2019
                                              
China Lysine Weekly: Prices stay stagnant despite production cuts (week ended Nov 11, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices stayed flat.
 
Price quotes of 98.5-percent lysine remained unchanged in the range of RMB6.50-7.40/kg. The average price of lysine was at RMB6.95/kg.
     
Price quotes of 70-percent lysine were in the range of RMB4.20-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices remained at RMB8.40-9.60/kg.
 

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

Provinces

City/Municipality

Price as of
Nov 11
(RMB/kg)

Price as of
Nov 4
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

6.50

6.50

0.00

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

6.80

7.00

-0.20

Liaoning

Shenyang

6.80

6.80

0.00

-

Beijing

7.30

7.30

0.00

-

Average

6.95

6.92

0.03

 

 

 

 

 

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

Provinces

City/Municipality

Price as of
Nov 11
(RMB/kg)

Price as of
Nov 4
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.40

8.40

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.40

9.20

0.20

Liaoning

Shenyang

8.70

8.70

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.06

9.03

0.03

Prices are for reference only.
RMB1=US$0.1429 (Nov 12) 

 
 
Market analysis

Producers cut output since early October, hence tightening the availability of lysine, which helped to underpin prices. Nonetheless, with hog feed consumption slow and the capacity of lysine industry in excess, prices lacked momentum to move higher.
 
In Europe, price quotes stayed at EUR1.20/kg.
 

Market forecast       
    
Although a handful of lysine producers who have limited stocks to offer will be tempted to lift prices, ample availability will limit the upward scope of the market. Unless lysine producers cut production further, price hikes, if any, will be marginal.
 

 

 


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