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December 31, 2008
 
China Lysine Mid-Week: Prices marginally lower (Dec 30, 2008)
                                           
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged in most regions.
 

Transacted prices of lysine in China

Region

Imported lysine prices
as of Dec 30 
(RMB/kg)

Locally produced lysine prices
as of Dec 30
(RMB/kg)

Guangzhou

11.00-11.30

10.30-10.60

Beijing

10.90-11.20

10.20-10.50

Zhengzhou

10.90-11.20

10.20-10.500

Nanjing

11.00-11.20

10.30-10.50

Jinan

11.00-11.20

10.30-10.50

Shijiazhuang

-

10.30-10.50

Changsha

-

10.50-10.70

Shenyang

11.00-11.20

10.30-10.50

Chengdu

10.90-11.20

10.20-10.50

Remarks: Prices indicated above refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1460 (Dec 31)

 
Market analysis
 
China's lysine market was generally weak with prices falling marginally.
 
As of Dec 30, general offer prices of locally-produced lysine were in the range of RMB10.40-10.70/kg. Transacted prices were between RMB10.20-10.50/kg.
 
Prices of 65-percent locally-produced lysine were between RMB5.80/kg and RMB6.10/kg.
 
Meanwhile, prices of deals concluded for 65-percent lysine produced by CJ Corp were at RMB5.90-6.20/kg.
 
As for imported lysine, transacted prices by traders were RMB10.90-11.20/kg.
 
 
Market forecast
 
Lysine prices are seen weak as demand remains sluggish.

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