The agribusiness knowledge provider

December 26, 2011
                                           
China Lysine Weekly: High prices deter buyers (week ended Dec 23, 2011)
 
An eFeedLink Exclusive
 

Price summary
 
Lysine prices were lower.
 
Price quotes of locally-produced 98.5-percent lysine slid to around RMB17/kg while transacted prices varied in the range of RM16.70-17.80/kg.
 
Price quotes of locally-produced 70-percent and 65-percent lysine fell to RMB10.70/kg and RMB10.20/kg respectively.
 
As for imported 98.5-percent lysine, transacted price moved lower to RMB17.20-17.60/kg.
 
Weekly transacted prices of locally-produced lysine in China (RMB/kg)
Region
City 
Dec 17 - 23 
Dec 10 - 16  
Price change
Lowest
Highest
Average
Lowest
Highest
Average
North
Beijing
16.85
17.30
17.08
17.00
17.45
17.23
-0.15
Zhengzhou
16.75
17.25
17.00
16.95
17.40
17.18
-0.18
East
Jinan
16.75
17.30
17.03
16.85
17.45
17.15
-0.12
Nanjing
16.85
17.40
17.13
16.95
17.55
17.25
-0.12
Central
Changsha
17.15
17.80
17.48
17.20
17.90
17.55
-0.07
Northeast
Shenyang
17.05
17.50
17.28
17.20
17.80
17.50
-0.22
South
Guangzhou
16.90
17.35
17.13
17.00
17.65
17.33
-0.20
Southeast
Chengdu
17.00
17.55
17.28
17.10
17.70
17.40
-0.12
 

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

Region

City 

Dec 17 - 23 

Dec 10 - 16 

Price change 

North 

Beijing

17.30

17.60

-0.30

 

Zhengzhou

17.20

17.50

-0.30

East 

Jinan

17.20

17.50

-0.30

 

Nanjing

17.15

17.45

-0.30

Northeast

Shenyang

-

-

-

South 

Guangzhou

17.35

17.70

-0.35

Southeast 

Chengdu

17.45

17.75

-0.30

Prices refer to delivered-to-feed-mill prices, and are for reference only.
RMB1=US$0.1580 (Dec 26)

 
 
Market analysis
 
Although prices of lysine have dropped steadily in Q4, they were still considerably higher than 2009's record price of below RMB15.50/kg. China buyers were therefore reluctant to stockpile inventories, particularly as supplies are poised to increase due to production expansion.
 
In Europe, lysine supplies remained tight. Quotes for 2012 Q1 orders rose EUR0.10-0.20/kg, with early January and March deliveries at EUR2.50-2.60/kg and EUR2.05-2.20/kg respectively.
 
 
Market forecast

Cautious mood will prevail in China market even though buying interest is likely to improve.
 
 
 

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
Subscribe To eFeedLink 
Copyright ©2017 eFeedLink. All rights reserved.
Find us on FacebookFind us on Twitter