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December 27, 2016


China Lysine Weekly: Prices fall on ample supply, slack demand (week ended Dec 27, 2016)


An eFeedLink Exclusive

 


Price summary


Prices continued to drop.


Price quotes of 98.5-percent lysine slid to the range of RMB12-134/kg. Average prices dropped RMB0.57/kg to RMB12.45/kg.
 

Price quotes of 70-percent lysine were at RMB7.80-8.50/kg.


For imported 98.5-percent lysine, transacted prices dipped to the range of RMB14.20-15.10/kg.

 

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

Provinces

City/Municipality

Price as of Dec 27
(RMB/kg)

Price as of Dec 20
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

13.00

14.00

-1.00

Sichuan

Chengdu

13.00

13.00

0.00

Shandong

Jinan

12.00

12.80

-0.80

Henan

Zhengzhou 

12.00

12.50

-0.50

Liaoning

Shenyang

12.50

13.00

-0.50

-

Beijing

12.20

12.80

-0.60

-

Average

12.45

13.02

-0.57

 

 

 

 

 

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

Provinces

City/Municipality

Price as of Dec 27
(RMB/kg)

Price as of Dec 20
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

15.10

16.10

-1.00

Sichuan

Chengdu

14.90

14.90

0.00

Shandong

Jinan

14.20

15.00

-0.80

Henan

Zhengzhou 

14.40

14.90

-0.50

Liaoning

Shenyang

14.40

14.90

-0.50

-

Beijing

14.35

14.95

-0.60

-

Average

14.56

15.13

-0.57

Prices are for reference only.
RMB1=US$0.1439 (Dec 27)

  

  
Market analysis

 
High prices of lysine encouraged producers to sustain output, resulting in ample supplies in the market. With demand for hog feed and hence lysine flat, producers cut prices in a bid to stimulate buying.


In Europe, price quotes for Q1 deliveries stayed at EUR1.50/kg as most buyers have placed orders for Q1 2017.

 


Market forecast 


Lysine prices are seen soft in the coming period. With hog population limited and feed millers treading prudently, the demand for feed and subsequently lysine is expected to stay slow. High profit margins will allow producers to cut prices further to entice buyers.
 

 


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