December 18, 2013
China lysine prices fall 7% in five weeks
Lysine prices were soft during the week ending December 12.
Ample supplies of soy continued to drag down the prices of soymeal during the period in review. This limited he usages of lysine, compelling producers to cut prices in a bid to entice buyers.
Compared with early November, lysine prices have dropped 7% on average in five weeks.
Price quotes of 65-percent lysine and 70-percent lysine were in the range of RMB4.25-4.50/kg and RMB4.60-4.90/kg respectively.
Prices of lysine are likely to stabilise in the coming week as more end users stockpile inventories with feed demand expected to increase.
RMB1=US$0.1647 (Dec 18)
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