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MARKET

December 6, 2017

China Lysine Weekly: Prices stabilise as buyers tread prudently (week ended Dec 5, 2017)

An eFeedLink Exclusive
 

Price summary

Prices were stable to higher.

Price quotes of 98.5-percent lysine rose to the range of RMB9.50-10.50/kg. Average price increased RMB0.05/kg to RMB9.92/kg.

Price quotes of 70-percent lysine were at RMB4.90-5.20/kg.

For imported 98.5-percent lysine, transacted prices remained in the range of RMB11.70-12.60/kg.
 

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

Provinces

City/Municipality

Price as of Dec 5
(RMB/kg)

Price as of Nov 28
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.50

10.50

0.00

Sichuan

Chengdu

10.20

10.20

0.00

Shandong

Jinan

9.50

9.50

0.00

Henan

Zhengzhou 

9.50

9.40

0.10

Liaoning

Shenyang

10.00

9.80

0.20

-

Beijing

9.80

9.80

0.00

-

Average

9.92

9.87

0.05

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Dec 5
(RMB/kg)

Price as of Nov 28
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

12.60

12.60

0.00

Sichuan

Chengdu

12.10

12.10

0.00

Shandong

Jinan

11.70

11.70

0.00

Henan

Zhengzhou 

11.90

11.80

0.10

Liaoning

Shenyang

11.90

11.70

0.20

-

Beijing

11.95

11.95

0.00

-

Average

12.03

11.98

0.05

Prices are for reference only.
RMB1=US$0.1511 (Dec 5) 

 

Market analysis

Spot supplies of lysine remained scarce in China as several producers cut output, hence supporting prices to climb further in some regions. However, price hikes were marginal while feed millers limited purchases after securing some stocks.

In Europe, price quotes for Q4 deliveries were stable to lower in the range of EUR1.29-1.33/kg.
 
 
Market forecast 

Tight availability will underpin prices of lysine. Nevertheless, with hog feed consumption slow due to low animal population, and soymeal prices sliding of late, lysine prices are less likely to surge tremendously in the near term.
 

 


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