January 23, 2018
China lysine producers cut prices to move sales
Lysine prices dipped further during the week ending January 23.
Trade was light as most feed millers who have stocked some lysine inventories held back purchases, choosing to stand on the side-line to observe the livestock market.
Price quotes of 70-percent lysine dropped to RMB4.60-4.90 /kg.
Lysine producers will be compelled to hold down prices in efforts to clear mounting stocks while export demand is unpromising.
RMB1=US$0.1562 (Jan 23)
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