October 24, 2011
China Lysine Weekly: Hog price decline hurts lysine demand (week ended Oct 21, 2011)
An eFeedLink Exclusive
Price summary
Prices were lower.
Price quotes of locally produced 98.5-percent lysine dipped slightly to RM19.80-20.30/kg. Transacted prices of locally produced 70-percent and 65-percent lysine nudged lower in the range of RMB12.30-12.60/kg and RMB11.60-11.90/kg respectively.
As for imported 98.5-percent lysine, transacted prices advanced to around RMB20.30-20.60/kg.
|
Weekly transacted prices of imported lysine in China | |||
|
Region |
Week 41 |
Week 42 |
Price change |
|
Oct 8 - 14 (RMB/kg) |
Oct 15 - 21 (RMB/kg) | ||
|
Guangzhou |
20.80 |
20.60 |
-0.20 |
|
Chengdu |
20.80 |
20.60 |
-0.20 |
|
Jinan |
20.50 |
20.40 |
-0.10 |
|
Changsha |
- |
- |
- |
|
Nanjing |
20.50 |
20.40 |
-0.10 |
|
Zhengzhou |
20.40 |
20.30 |
-0.10 |
|
Shenyang |
20.60 |
20.50 |
-0.10 |
|
Beijing |
20.40 |
20.30 |
-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 41 |
Week 42 |
Price change |
|
Oct 8 - 14 (RMB/kg) |
Oct 15 - 21 (RMB/kg) | ||
|
Guangzhou |
20.20-20.50 |
20.10-20.30 |
-0.15 |
|
Chengdu |
20.20-20.40 |
20.10-20.30 |
-0.10 |
|
Jinan |
20.10-20.30 |
20.00-20.20 |
-0.10 |
|
Changsha |
20.20-20.50 |
20.10-20.30 |
-0.15 |
|
Nanjing |
20.10-20.30 |
20.00-20.20 |
-0.10 |
|
Zhengzhou |
19.90-20.20 |
19.85-20.10 |
-0.10 |
|
Shenyang |
20.20-20.40 |
20.10-20.30 |
-0.10 |
|
Beijing |
19.90-20.20 |
19.85-20.15 |
-0.05 |
|
Prices refer to delivered-to-feed-mill prices, and are for reference only. | |||
Market analysis
Sliding hog prices in recent weeks, which dented farmers' replenishment interests, affected hog feed consumption and lysine demand to some extent.
In Europe, prices for late Q4 orders were stable at EUR1.94-1.97/kg, while those for 2012 Q1 deliveries were in the range of EUR1.93-1.94/kg.
Market forecast
Lysine prices through early November are seen to move around narrow ranges, backed by producers' firm stance.
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