July 6, 2016
Surging demand amid limited output strengthen China lysine prices
Lysine prices continued to rise during the week ending July 5.
Higher soymeal prices boosted the sales of lysine, as feed millers eagerly accumulated inventories in anticipation of higher usages. With several producers limiting output or halting production for routine maintenance, tight supplies drove prices amid expanding demand.
Price quotes of 70-percent lysine were at RMB5.50/kg.
RMB1=US$0.1503 (Jun 28)
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