January 8, 2019
Firm export demand fails to strengthen China lysine market
Lysine prices moved lower during the week ending January 7.
Lysine market weakened as supplies increased while a new production plant in Jilin province expanded output gradually. Hence, even as firm export demand resulted in a couple of producers with limited stocks halting price releases, overall lysine prices continued to fall over the week.
For imported 98.5-percent lysine, transacted prices fell to the range of RMB10.10-10.60/kg.
RMB1=US$0.1458 (Jan 8)
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