August 22, 2017
China lysine market shows signs of weakening
Lysine prices moved lower during the week ending August 21.
Feed millers continued to limit stockpiles of lysine as hog feed consumption remained slow. Moreover, inclusion rates of lysine in feed production stayed limited due to low soymeal costs. In a bid to move sales, several traders were willing to negotiate prices.
Price quotes of 70-percent lysine stayed at RMB4.80-5/kg.
RMB1=US$0.1502 (Aug 22)
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