September 21, 2022
China Lysine: Market stays firm on strengthened demand (week ended Sep 19, 2022)
An eFeedLink Exclusive
Soaring costs of soymeal, which increased almost 20% over the past two months, stimulated the sales of lysine. With the costs of corn high, lysine producers stood firm on prices.
Transacted prices of 98.5-percent lysine in China were in the range of RMB8.49-9.10/kg while those of 70-percent lysine rose to the range of RMB5.60-6.20/kg.
Export prices of 70-percent lysine inched higher to US$0.84/kg while those of 98.5-percent varieties stayed at US$1.23/kg.
Demand for lysine is projected to stay strong with soymeal expensive. Additionally, lysine producers will attempt to increase prices amid high output costs.
Full version of the report with complete data is available at: https://spoutinfo.com/market-forecast-detail/29/32/327/4383
All rights reserved. No part of this report may be reproduced without the permission of eFeedLink.