China Lysine Mid-Week: Prices continue to weaken (Nov 4, 2008)
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Price summary
Prices were lower in most regions.
|
Transacted prices of lysine in China | ||
|
Region |
Imported lysine
prices as of Nov 4
(RMB/kg) |
Locally produced lysine
prices as of Nov 4
(RMB/kg) |
|
Guangzhou |
12.60-12.80 |
11.90-12.10 |
|
Beijing |
12.50-12.70 |
11.70-12.00 |
|
Zhengzhou |
12.50-12.70 |
11.70-12.00 |
|
Nanjing |
12.50-12.80 |
11.80-12.00 |
|
Jinan |
12.50-12.80 |
11.80-12.10 |
|
Shijiazhuang |
-- |
11.70-12.00 |
|
Changsha |
- |
11.90-12.10 |
|
Shenyang |
12.50-12.80 |
11.90-12.10 |
|
Chengdu |
12.50-12.70 |
11.70-12.00 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1462 (Nov 4) | ||
Market analysis
As of Nov 4, general offer prices of locally-produced lysine were at RMB11.90-12.20/kg. Transacted prices were between RMB11.80-12.10/kg.
Prices of 65-percent locally-produced lysine were at RMB7.15-7.35/kg.
Prices of deals concluded for 65-percent lysine produced by CJ Corp were at RMB7.20-7.40/kg.
As for imported lysine, transacted prices by traders were between RMB12.50-12.80/kg.
Market forecast
