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November 26, 2008

 

China Lysine Mid-Week: Producers reduce price quotes (Nov 25, 2008)

                                           

An eFeedLink Exclusive

 
 

Price summary

 

Prices were lower in most regions.

 

Transacted prices of lysine in China

Region

Imported lysine
prices as of Nov 25
 (RMB/kg)
Locally produced lysine
prices as of Nov 25
(RMB/kg)

Guangzhou

11.70-11.90

11.00-11.20

Beijing

11.50-11.70

10.80-11.10

Zhengzhou

11.50-11.70

10.80-11.10

Nanjing

11.60-11.80

10.90-11.20

Jinan

11.60-11.90

11.00-11.20

Shijiazhuang

-

10.90-11.20

Changsha

-

11.10-11.30

Shenyang

11.70-12.00

10.00-11.30

Chengdu

11.50-11.70

10.80-11.10

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1465 (Nov 26)

 
 

Market analysis

 

After a major producer reduced its price quotes to RMB10.20/kg several producers followed suit. Transacted prices fell consequently.

 

As of Nov 25, general offer prices of locally-produced lysine were at RMB11.10-11.40/kg. Transacted prices were between RMB10.80-11.10/kg.

 

Prices of 65-percent locally-produced lysine were at RMB6.40-6.60/kg.

 

Prices of deals concluded for 65-percent lysine produced by CJ Corp were at RMB6.50-6.70/kg.

 

As for imported lysine, transacted prices by traders were between RMB11.50-11.80/kg.

 
 

Market forecast

 

Transacted prices of lysine are likely to weaken in the near term amid lower price quotes.
 
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