January 3, 2018

China lysine producers slash prices amid poor demand

Lysine prices fell significantly during the week ending January 2.

Lysine sales were light during year's end, as most feed millers withheld buying after stocking ample supplies. One major producer slashed prices in a surprise move to attract buyers, prompting others to follow suit.

Price quotes of 98.5-percent lysine dipped to the range of RMB9-10.50/kg.

RMB1=US$0.1537 (Jan 3)

The full market report (with complete data) of this excerpt is available here.

All rights reserved. No part of this report may be reproduced without the permission of eFeedLink.