November 19, 2014
Lukewarm buying interest, ample supply weaken China lysine prices
Lysine prices dropped further during the week ending November 18.
Although hog prices continue to rise over the past week, buyers were not eager to stockpile lysine inventories while supplies remained ample in the market.
Price quotes of 98.5-percent lysine slid to the range of RMB9.30-9.80/kg.
With supplies in excess due to high operation rates of the industry, prices of lysine are expect to stay soft in the coming period.
RMB1=US$0.1634 (Nov 19)
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