October 18, 2016
|
Weekly transacted prices of imported lysine in China (RMB/kg) | ||||
|
Provinces |
City/Municipality |
Price as of Oct 17 |
Price as of Oct 10 |
Price change |
|
Guangdong |
Guangzhou |
8.00 |
8.40 |
-0.40 |
|
Sichuan |
Chengdu |
8.00 |
8.40 |
-0.40 |
|
Shandong |
Jinan |
7.60 |
8.00 |
-0.40 |
|
Henan |
Zhengzhou |
7.60 |
8.00 |
-0.40 |
|
Liaoning |
Shenyang |
8.00 |
8.20 |
-0.20 |
|
- |
Beijing |
8.00 |
8.20 |
-0.20 |
|
- |
Average |
7.87 |
8.20 |
-0.33 |
|
Weekly prices of imported lysine in China (RMB/kg) | ||||
|
Provinces |
City/Municipality |
Price as of Oct 17 |
Price as of Oct 10 |
Price change |
|
Guangdong |
Guangzhou |
10.10 |
10.50 |
-0.40 |
|
Sichuan |
Chengdu |
9.90 |
10.30 |
-0.40 |
|
Shandong |
Jinan |
9.80 |
10.20 |
-0.40 |
|
Henan |
Zhengzhou |
10.00 |
10.40 |
-0.40 |
|
Liaoning |
Shenyang |
9.90 |
10.10 |
-0.20 |
|
- |
Beijing |
10.15 |
10.35 |
-0.20 |
|
- |
Average |
9.98 |
10.31 |
-0.33 |
|
Prices are for reference only. | ||||
Demand for lysine was s Lysine prices continued to fall during the week ending October 17.
Average prices fell by RMB0.33/kg to RMB7.87/kg.
low with feed production remaining limited, and sliding soymeal prices discouraging feed millers from stockpiling the product. Lysine producers slash prices readily in efforts to clinch deals.
Lysine prices are expected to fall further with feed production unlikely to pick in the near term, and soymeal market staying weak. Furthermore, a weak export market will compel producers to clear stocks domestically, hence resulting in strong competition.
