Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS


December 13, 2016

                                           

China Lysine Weekly: Export demand falls as Chinese lysine no longer cheap (week ended Dec 13, 2016)

 

An eFeedLink Exclusive

 

  

Price summary
 
Prices moved lower.

 

Price quotes of 98.5-percent lysine dropped to the range of RMB13-16.50/kg. Average prices dipped RMB0.33/kg to RMB14.17/kg.

                                                   

Price quotes of 70-percent lysine were unchanged at RMB8.50-10/kg.

 

For imported 98.5-percent lysine, transacted prices were in the range of RMB15.40-18.60/kg. 
 

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

Provinces

City/Municipality

Price as of Dec 13
(RMB/kg)

Price as of Dec 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

16.50

16.50

0.00

Sichuan

Chengdu

14.00

15.00

-1.00

Shandong

Jinan

13.50

13.50

0.00

Henan

Zhengzhou 

13.00

13.50

-0.50

Liaoning

Shenyang

14.00

14.50

-0.50

-

Beijing

14.00

14.00

0.00

-

Average

14.17

14.50

-0.33

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Dec 13
(RMB/kg)

Price as of Dec 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

18.60

18.60

0.00

Sichuan

Chengdu

15.90

16.90

-1.00

Shandong

Jinan

15.70

15.70

0.00

Henan

Zhengzhou 

15.40

15.90

-0.50

Liaoning

Shenyang

15.90

16.40

-0.50

-

Beijing

16.15

16.15

0.00

-

Average

16.28

16.61

-0.33

Prices are for reference only.
RMB1=US$0.1449 (Dec 13)

      

  

Market analysis


Deliveries of lysine improved, further easing the supply crunch of lysine. Meanwhile, lysine prices remained high despite the recent week's sharp decline, hence curtailing overseas demand. Local buyers were therefore not as eager to accumulate inventories during the period in review, resulting in weaker prices.

 

In Europe, price quotes for Q4 deliveries increased to the range of EUR1.35-1.45/kg (RMB11.65-12.51/kg)

  


Market forecast  

           
Export demand has softened considerable as China's lysine products have become expensive due to the price surge in November. However, cured meat producers are expected to increase output in the coming period, coinciding with the pre-Chinese New Year buying this year. This should strengthen hog feed demand and subsequently the sales of lysine. Prices of lysine are therefore expected to stabilise amid improved domestic demand.

 

 

  

All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read