September 18, 2018
Strong soymeal market boosts China lysine demand
Lysine prices moved higher during the week ending September 17.
A strong soymeal market boosted the demand for lysine as feed producers increased usages in feed formulation. Sales improved considerably, propping up prices even as the hog sector was troubled by the outbreak of African swine fever.
Average price of lysine increased RMB0.05/kg to RMB8.08/kg.
RMB1=US$0.1458 (Sep 18)
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