December 13, 2018
Lysine prices slide in China under weak demand
Lysine prices moved lower during the week ending December 10.
Lysine sales weakened as feed millers were not eager to stock inventories while usages were slow after the government lowered protein requirements in feeds. Moreover, market participants were optimistic that the trade war between China and the US will improve, and the high import tariff on US soy import might be lifted. Consequently, prices slid as lysine availability increased.
Price quotes of 70-percent lysine were at RMB5.40-5.60/kg.
RMB1=US$0.1453 (Dec 13)
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