September 13, 2016
Lysine prices plunge in China amid tough competition
Lysine prices fell sharply during the week ending September 12.
Prices of 98.5-percent plummeted as supplies increased while producers who halted operation during August resumed production, and cut prices with stocks expanding.
Price quotes of 98.5-percent lysine dropped to the range of RMB8.50-8.80/kg.
Although lysine prices are less likely to drop drastically following the recent week's plummet, the market is expected to be weak amid strong competition.
RMB1=US$0.1497 (Sep 13)
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