August 11, 2021
China Lysine: Prices rebound amid increased sales (week ended Aug 9, 2021)
Feed producers were more eager to stock lysine inventories as the pandemic situation in China worsened. As lysine producers limited output prices stabilised amid strengthened demand.
From January to June, China's exports of lysine salts and esters totalled 369,333 tonnes, a decrease of 10.6% year-on-year.
Decreased output will help to underpin lysine prices. However, as the outlook of hog market remains bleak, sharp rise in lysine prices are less likely unless production and transportation are disrupted by the aggravating pandemic situation.
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