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MARKET

December 4, 2018

China Lysine Weekly: Prices stay flat on subdued demand (week ended Dec 3, 2018)

An eFeedLink Exclusive
 

Price summary

Prices were unchanged.

Price quotes of 98.5-percent lysine stayed in the range of RMB8.60-8.80/kg. Average price of lysine remained at RMB8.67/kg.

Price quotes of 70-percent lysine were at RMB5.50-5.60/kg.

For imported 98.5-percent lysine, transacted remained in the range of RMB10.50-11/kg.
 

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

Provinces

City/Municipality

Price as of
Dec 3
(RMB/kg)

Price as of
Nov 26
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.60

8.60

0.00

Sichuan

Chengdu

8.60

8.60

0.00

Shandong

Jinan

8.80

8.80

0.00

Henan

Zhengzhou 

8.70

8.70

0.00

Liaoning

Shenyang

8.70

8.70

0.00

-

Beijing

8.60

8.60

0.00

-

Average

8.67

8.67

0.00

 

 

 

 

 

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

Provinces

City/Municipality

Price as of
Dec 3
(RMB/kg)

Price as of
Nov 26
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.70

10.70

0.00

Sichuan

Chengdu

10.50

10.50

0.00

Shandong

Jinan

11.00

11.00

0.00

Henan

Zhengzhou 

11.10

11.10

0.00

Liaoning

Shenyang

10.60

10.60

0.00

-

Beijing

10.75

10.75

0.00

-

Average

10.78

10.78

0.00

Prices are for reference only.
RMB1=US$0.1447 (Dec 3)

 

Market analysis

Slack hog feed demand continued to weigh on lysine market as feed millers were reluctant to stockpile inventories. Moreover, as Th US and China presidents would be meeting during the G20 summit to discuss the trade war, buyers stood on the side lines in anticipation of favourable outcome. Hence, even as supplies were tight, lysine market lacked momentum to strengthen further.

In Europe, price quotes were unchanged in the range of EUR1.25-1.30/kg.
 

Market forecast 

Lysine prices are expected to move lower in the coming period with the soymeal market under pressure as China and the US cease the escalation of the trade war for three months. Moreover, demand for hog feed will be slack as the African swine fever remains rampant.
 

 

 


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