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November 14, 2008

                                       

China Lysine Weekly: Producers slash prices amid inventory pressure ( week ended Nov 13, 2008)

 
An eFeedLink Exclusive
 
 

Price summary

 

Prices were lower in most regions.

 

Average transacted prices of locally-produced lysine were lower at RMB11.20/kg, down RMB0.53/kg from the previous week. Transacted prices of 65-percent locally-produced lysine were at RMB6.65-6.85/kg.

 

As for imported lysine, traders concluded deals at prices in the range of RMB11.7-12.00/kg. Prices for imported 65-percent lysine were lower at RMB6.75-6.95/kg. 

 
Weekly transacted prices of imported lysine in China
Region
Week 45
Week 46
Price change
(RMB/kg)
Oct 31 - Nov 6 (RMB/kg)
Nov 7 - Nov 13 (RMB/kg)
Guangzhou
12.50
12.00
-0.05
Chengdu
12.40
11.85
-0.55
Jinan
12.45
11.95
-0.50
Changsha
--
--
--
Nanjing
12.45
11.90
-0.55
Zhengzhou
12.40
11.80
-0.60
Shenyang
12.45
12.05
-0.40
Beijing
12.40
11.80
-0.60
Prices refer to delivered-to-feedmill prices, and are for reference only.
 

Weekly transacted Prices of locally produced lysine in China

Region

Week 45

Week 46

Price change
(RMB/kg)

Oct 31 - Nov 6 (RMB/kg)

Nov 7 - Nov 13 (RMB/kg)

Guangzhou

11.60-11.90

11.20-11.40

-0.50 to -0.40

Chengdu

11.50-11.80

11.00-11.20

-0.60 to -0.50

Jinan

11.60-11.90

11.10-11.30

-0.60 to -0.50

Changsha

11.70-12.00

11.20-11.50

-0.50

Nanjing

11.60-11.80

11.00-11.30

-0.60 to -0.50

Zhengzhou

11.50-11.80

11.00-11.20

-0.60 to -0.50

Shenyang

11.70-12.00

11.20-11.40

-0.60 to -0.50

Beijing

11.50-11.80

11.00-11.20

-0.60 to -0.50

Prices refer to delivered-to-feed-mill prices, and are for reference only.
RMB1=US$0.1464 (Nov 14)
 
 

Market analysis

 

Lysine consumption remained sluggish with feed demand, prompting producers to reduce their price quotes further to clear bloating inventories.

 

Livestock replenishments were weak as prices continued to decline. Moreover, farmers were also concerned about the higher risks of livestock infection during winter.

 

Meanwhile, trade improved after the price cut as some buyers believed lysine prices had reached its bottom line.

 
 

Market forecast

 

Lysine prices may stabilize from the fall as supplies tighten while producers reduce production volumes. However, it is expected to stay low in the near term as feed demand remains poor.

 
 
 
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