April 12, 2016
China lysine prices slide toward record low levels
Lysine prices moved lower during the week ending April 12.
Feed millers were reluctant to increase lysine stockpiles while hog feed consumption stayed weak amid limited animal inventories. Additionally, sliding soymeal prices, which hit nine-year lows, and ample availability of lysine further dampened the buying interest for the product.
Price quotes of 70-percent lysine were lower at RMB4.40-4.60/kg.
RMB1=US$0.1546 (Apr 5)
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.
