December 5, 2013
China's lysine market shows signs of stabilising
Lysine prices were stable to lower during the week ending December 4.
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 stayed in the range of RMB8.80-9/kg.
Demand will likely pick up gradually during December with feed consumption improving and buyers stockpiling inventories in preparation for the Chinese New Year market.
RMB1=US$0.1641 (Dec 5)
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