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December 3, 2008

 

China Lysine Mid-Week: Price quotes fall below production costs (Dec 2, 2008)

                                           

An eFeedLink Exclusive

 
 

Price summary

 

Prices were lower in most regions.

 

Transacted prices of lysine in China

Region

Imported lysine
prices as of Dec 2 
 (RMB/kg)
Locally produced lysine
prices as of Dec 2
 (RMB/kg)

Guangzhou

11.00-10.30

10.30-10.60

Beijing

10.90-11.10

10.20-10.40

Zhengzhou

10.90-11.10

10.20-10.40

Nanjing

11.00-11.20

10.30-10.50

Jinan

11.00-11.20

10.30-10.50

Shijiazhuang

--

10.30-10.50

Changsha

-

10.50-10.70

Shenyang

11.00-11.20

10.30-10.50

Chengdu

10.90-11.10

10.20-10.40

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1454 (Dec 3)

 
 

Market analysis

 

Prices continued to fall as at mid-week. Price quotes of some producers have fallen below the breakeven level.


As of Dec 2, general offer prices of locally-produced lysine were in the range of RMB10.40-10.70/kg. Transacted prices were between RMB10.20-10.50/kg.


Prices of 65-percent locally-produced lysine were between RMB6.00/kg and RMB6.30/kg.


Prices of deals concluded for 65-percent lysine produced by CJ Corp were at RMB6.10-6.40/kg.


As for imported lysine, transacted prices by traders were between RMB10.90-11.20/kg.

 
 

Market forecast

 

Lysine prices in China are seen to remain weak in the near term.
 
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