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November 21, 2008

                                           

China Lysine Weekly: Prices stabilise as demand picks up (week ended Nov 20, 2008)

 
An eFeedLink Exclusive
 
 

Price summary

 

Prices were stable in most regions.

 

Average transacted prices of locally-produced lysine were higher at RMB11.23/kg, up RMB0.03/kg from the previous week. Transacted prices of 65-percent locally-produced lysine were at RMB6.60-6.80/kg.


As for imported lysine, traders concluded deals at prices in the range of RMB11.70-11.90/kg. Prices for imported 65-percent lysine were lower at RMB6.70-6.90/kg.

 
Weekly transacted prices of imported lysine in China
Region
Week 46
Week 47
Price change
(RMB/kg)
Nov 7 - Nov 13 (RMB/kg)
Nov 14 - Nov 20 (RMB/kg)
Guangzhou
11.20-11.40
11.20-11.40
-
Chengdu
11.00-11.20
11.00-11.30
0 to 0.10 
Jinan
11.10-11.30
11.10-11.40
0 to 0.10 
Changsha
11.20-11.50
11.20-11.50
--
Nanjing
11.00-11.30
11.10-11.30
0 to 0.10 
Zhengzhou
11.00-11.20
11.00-11.30
0 to 0.10 
Shenyang
11.20-11.40
11.20-11.40
-
Beijing
11.00-11.20
11.00-11.30
0 to 0.10 
Prices refer to delivered-to-feedmill prices, and are for reference only.
 

Weekly transacted Prices of locally produced lysine in China

Region

Week 46

Week 47

Price change
(RMB/kg)

Nov 7 - Nov 13 (RMB/kg)

Nov 14 - Nov 20 (RMB/kg)

Guangzhou

12.00

12.00

-

Chengdu

11.85

11.85

-

Jinan

11.95

11.95

-

Changsha

-

-

-

Nanjing

11.90

11.90

-

Zhengzhou

11.80

11.80

-

Shenyang

12.05

12.05

-

Beijing

11.80

11.80

-

Prices refer to delivered-to-feed-mill prices, and are for reference only.
RMB1=US$0.1457 (Nov 21)
 
 

Market analysis

 

Lysine prices in China stabilised after producers had reduced their earlier excess inventories.


Meanwhile, trade improved as broiler feed demand picked up over the week. However, hog feed and layer feed demand remained sluggish.

 
 

Market forecast

 

Lysine prices are seen stable as inventory pressure on producers have eased and broiler feed demand is improving. Should feed demand increase further, lysine prices may recover further from its current levels.
 
 
 
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