October 3, 2011
China Lysine Weekly: Light trade holds prices flat (week ended Sep 30, 2011)
An eFeedLink Exclusive
Price summary
Prices were mostly unchanged.
Price quotes of locally produced 98.5-percent lysine were unchanged at RM20.00-20.50/kg. Transacted prices of locally produced 70-percent and 65-percent lysine were stable at RMB12.40-12.80/kg and RMB11.60-12.10/kg respectively.
As for imported 98.5-percent lysine, transacted prices were stable in the range of RMB20.50-21.20/kg.
|
Weekly transacted prices of imported lysine in China | |||
|
Region |
Week 38 |
Week 39 |
Price change |
|
Sep 17 - 23 (RMB/kg) |
Sep 24 - 30 (RMB/kg) | ||
|
Guangzhou |
21.00 |
21.00 |
0.00 |
|
Chengdu |
20.90 |
20.90 |
0.00 |
|
Jinan |
20.60 |
20.60 |
0.00 |
|
Changsha |
- |
- |
- |
|
Nanjing |
20.60 |
20.60 |
0.00 |
|
Zhengzhou |
20.50 |
20.50 |
0.00 |
|
Shenyang |
20.80 |
20.70 |
-0.10 |
|
Beijing |
20.60 |
20.50 |
-0.10 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only. | |||
|
Weekly transacted Prices of locally produced lysine in China | |||
|
Region |
Week 38 |
Week 39 |
Price change |
|
Sep 17 - 23 (RMB/kg) |
Sep 24 - 30 (RMB/kg) | ||
|
Guangzhou |
20.30-20.60 |
20.30-20.60 |
0 |
|
Chengdu |
20.30-20.40 |
20.30-20.40 |
0 |
|
Jinan |
20.15-20.40 |
20.15-20.40 |
0 |
|
Changsha |
20.30-20.60 |
20.30-20.60 |
0 |
|
Nanjing |
20.10-20.30 |
20.10-20.30 |
0 |
|
Zhengzhou |
20.15-20.30 |
20.15-20.30 |
0 |
|
Shenyang |
20.20-20.40 |
20.20-20.40 |
0 |
|
Beijing |
20.00-20.30 |
20.10-20.30 |
+0 to 0.10 |
|
Prices refer to delivered-to-feed-mill prices, and are for reference only. | |||
Market analysis
China's lysine market was quiet over the week in review. Domestic buyers were prudent as hog inventories were limited although hog prices stayed firm. Meanwhile, export demands were decimated by the economic crises in the US and Europe.
In Europe, prices for Q4 order were in the range of EUR1.93-1.95/kg.
Market forecast
Lysine market is expected to stay stable due to high corn costs and the stockpiling before the long October holiday. Nonetheless, prices are unlikely to rise markedly while buyers stay cautious.
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