November 28, 2013
China lysine prices fall 6% in three weeks
Lysine prices fell considerably during the week ending November 27.
As soymeal prices tumbled after a momentary surge lately, the demand for lysine weakened while feed millers held back purchases.
Price quotes of 98.5-percent lysine dipped to the range of RMB8.80-9/kg.
Lysine prices will likely stay stable following the recent dip as producers are making paltry profits or incurring losses.
RMB1=US$0.1642 (Nov 28)
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
