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November 22, 2016
                                           
China Lysine Weekly: Prices rally amid supply crunch (week ended Nov 21, 2016)
 
An eFeedLink Exclusive
 

Price summary
 
Prices surged tremendously.
 
Price quotes of 98.5-percent lysine surged to the range of RMB14-15/kg. Average prices rose tremendously by RMB4.40/kg to RMB14.17/kg.
                                                   
Price quotes of 70-percent lysine jumped to RMB8.50/kg.
 
For imported 98.5-percent lysine, transacted prices soared to the range of RMB15.90-17.10/kg.
 

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

Provinces

City/Municipality

Price as of Nov 21
(RMB/kg)

Price as of Nov 14
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

15.00

10.00

5.00

Sichuan

Chengdu

14.00

10.00

4.00

Shandong

Jinan

14.00

9.50

4.50

Henan

Zhengzhou 

14.00

9.60

4.40

Liaoning

Shenyang

14.00

9.70

4.30

-

Beijing

14.00

9.80

4.20

-

Average

14.17

9.77

4.40

 

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

Provinces

City/Municipality

Price as of Nov 21
(RMB/kg)

Price as of Nov 14
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

17.10

12.10

5.00

Sichuan

Chengdu

15.90

11.90

4.00

Shandong

Jinan

16.20

11.70

4.50

Henan

Zhengzhou 

16.40

12.00

4.40

Liaoning

Shenyang

15.90

11.60

4.30

-

Beijing

16.15

11.95

4.20

-

Average

16.28

11.88

4.40

Prices are for reference only.
RMB1=US$0.1451 (Nov 22)

 
 
Market analysis

Locally-produced 98.5-percent lysine prices surged 45% while those of 70-percent products jumped a whopping 90% amid supply shortages.
 
On the one hand, stricter transport regulations hampered deliveries of lysine products together with snowy weather conditions in the north. On the other hand, the depreciation of renminbi stimulated export demand, diminishing the supplies of lysine in China while fuelling the price hikes of imported products.
 
In Europe, price quotes for Q4 deliveries remained stable in the range of EUR1.25-1.28/kg.
 
 
Market forecast              

The availability of lysine is expected to be tight as export demand is high while deliveries in China are delayed. With prices of imported products staying high due to a weak renminbi and supplies tight, lysine prices are expected to rise further.
 
Should soymeal prices soar due to higher soy import costs, strengthened demand for lysine will add fuel to the price rally.
 

 

 


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