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December 18, 2019
                                              
China Lysine Weekly: Pre-festive buying slows (week ended Dec 16, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices remained flat.
 
Price quotes of 98.5-percent lysine were in the range of RMB6.70-7.50/kg. The average price of lysine inched up RMB0.09/kg to RMB7.12/kg.
     
Price quotes of 70-percent lysine were flat in the range of RMB4.30-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices stayed at RMB8.70-9.60/kg.
 

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

Provinces

City/Municipality

Price as of
Dec 16
(RMB/kg)

Price as of
Dec 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

6.80

6.80

0.00

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.00

7.00

0.00

Liaoning

Shenyang

7.50

7.00

0.50

-

Beijing

7.30

7.30

0.00

-

Average

7.12

7.03

0.09

 

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

Provinces

City/Municipality

Price as of
Dec 16
(RMB/kg)

Price as of
Dec 6
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.70

8.70

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.40

9.40

0.00

Liaoning

Shenyang

9.40

8.90

0.50

-

Beijing

9.45

9.45

0.00

-

Average

9.23

9.14

0.09

Prices are for reference only.
RMB1=US$0.1428 (Dec 18) 

 
 
Market analysis

Sales of lysine slowed, hence holding prices flat, as most feed producers have stocked sufficient inventories to last for the upcoming New Year holidays. Although hog market has shown signs of recovery, buyers stayed cautious while the demand from hog feed remained limited.
 
In Europe, price quotes remained stagnant at EUR1.20/kg.
 
 
Market forecast     
      
Lysine prices will remain at current levels as pre-festive buying wanes. Sellers will be reluctant to negotiate prices with profit margins limited.
 

 
 


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