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China

November 19, 2019
                                              
China Lysine Weekly: Firmer demand strengthens market (week ended Nov 18, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were stable to higher.
 
Price quotes of 98.5-percent lysine moves higher to the range of RMB6.70-7.80/kg. The average price of lysine increased RMB0.25/kg to RMB7.20/kg.
     
Price quotes of 70-percent lysine strengthened to the range of RMB4.20-4.60/kg.
 
For imported 98.5-percent lysine, transacted prices increased to RMB8.70-9.70/kg.
 

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

Provinces

City/Municipality

Price as of
Nov 18
(RMB/kg)

Price as of
Nov 11
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

7.80

6.50

1.30

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.20

7.00

0.20

Liaoning

Shenyang

6.80

6.80

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.20

6.95

0.25

 

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

Provinces

City/Municipality

Price as of
Nov 18
(RMB/kg)

Price as of
Nov 11
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

9.70

8.40

1.30

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.60

9.40

0.20

Liaoning

Shenyang

8.70

8.70

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.31

9.06

0.25

Prices are for reference only.
RMB1=US$0.1424 (Nov 19) 

 
 
Market analysis

Hog feed producers were more willing to stock depleted lysine inventories as the hog population showed signs of recovering in October. With output expenses high and production limited, several lysine producers lifted prices over the week.
 
In Europe, price quotes were unchanged at EUR1.20/kg.
 
 
Market forecast   
        
Lysine prices are expected to consolidate higher as producers, who limit output, stand firm. However, feed producers will tread prudently and build inventories of lysine slowly, hence putting a lid on the prices.
 

 

 


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