August 18, 2023

China Lysine: Market strengthens further (week ended Aug 13, 2023)

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Soaring soymeal costs stimulated the demand for soymeal. With production limited, lysine producers stood firm on prices.


Transacted prices of 98.5-percent lysine in China were firm in the range of RMB8.85-9.20/kg while those of 70-percent lysine strengthened to the range of RMB5.37-5.58/kg.


Export prices of 70-percent lysine rose to US$0.74/kg while those of 98.5-percent varieties increased to US$1.22/kg.


High soymeal cost and strengthening hog prices will lend support to lysine market. However, as the outlook of China’s economy is uncertain, feed producers will be cautious with lysine purchases.



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