September 1, 2022
China Tryptophan: Producers cut prices to move sales (week ended Aug 29, 2022)
An eFeedLink Exclusive
Cautious mood of feed producers continued to impede the sales of tryptophan. Tryptophan producers who were keen to clear piling stocks negotiated prices albeit marginally.
Over the week, export prices of tryptophan slid at US$6.90/kg.
Transacted prices of local products dipped to the range of RMB46.90-54/kg while those of imported products softened to RMB54.50/kg.
Poor sales will exert pressure on tryptophan market. As more producers attempt to move sales, tryptophan prices are poised to move lower.
Full version of the report is available at https://spoutinfo.com/market-forecast-detail/29/32/327/4338
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.