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China

December 31, 2018

China Lysine Weekly: Market stabilises but remains weak (week ended Dec 31, 2018)

An eFeedLink Exclusive
 

Price summary

Prices remained soft.

Price quotes of 98.5-percent lysine were in the range of RMB8.20-8.40/kg. Average price of lysine softened RMB0.02/kg to RMB8.35/kg.

Price quotes of 70-percent lysine stayed at RMB5.40-5.50/kg.

For imported 98.5-percent lysine, transacted prices consolidated in the range of RMB10.30-10.80/kg.
 

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

Provinces

City/Municipality

Price as of
Dec 31
(RMB/kg)

Price as of
Dec 24
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.40

8.40

0.00

Sichuan

Chengdu

8.40

8.40

0.00

Shandong

Jinan

8.30

8.40

-0.10

Henan

Zhengzhou 

8.40

8.40

0.00

Liaoning

Shenyang

8.40

8.40

0.00

-

Beijing

8.20

8.20

0.00

-

Average

8.35

8.37

-0.02

 

 

 

 

 

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

Provinces

City/Municipality

Price as of
Dec 31
(RMB/kg)

Price as of
Dec 24
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

10.50

10.50

0.00

Sichuan

Chengdu

10.30

10.30

0.00

Shandong

Jinan

10.50

10.60

-0.10

Henan

Zhengzhou 

10.80

10.80

0.00

Liaoning

Shenyang

10.30

10.30

0.00

-

Beijing

10.35

10.35

0.00

-

Average

10.46

10.48

-0.02

Prices are for reference only.
RMB1=US$0.1454 (Dec 31)

 

Market analysis

Feed millers continued to limit the stocks of lysine with usages slow. Most traders and producers were, however, reluctant to cut prices except for a handful of them who needed cash urgently during end of the year.

In Europe, price quotes remained stable in the range of EUR1.25-1.30/kg.
 

Market forecast 

Lysine demand is set to remain slack entering 2019. Even though demand for pork should improve in the period leading to Chinese New Year holidays, consumers who are wary of the rampant disease outbreak will limit pork intake. With hog prices flat, soymeal market weak and feed production slow, feed millers are poised hold back lysine purchases.
 

 


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