China Lysine Weekly: Prices stabilise as demand picks up (week ended Nov 20, 2008)
Price summary
Prices were stable in most regions.
Average transacted prices of locally-produced lysine were higher at RMB11.23/kg, up RMB0.03/kg from the previous week. Transacted prices of 65-percent locally-produced lysine were at RMB6.60-6.80/kg.
As for imported lysine, traders concluded deals at prices in the range of RMB11.70-11.90/kg. Prices for imported 65-percent lysine were lower at RMB6.70-6.90/kg.
|
Weekly transacted prices of imported lysine in China | |||
|
Region |
Week 46 |
Week 47 |
Price change (RMB/kg) |
|
Nov 7 - Nov 13 (RMB/kg) |
Nov 14 - Nov 20 (RMB/kg) | ||
|
Guangzhou |
11.20-11.40 |
11.20-11.40 |
- |
|
Chengdu |
11.00-11.20 |
11.00-11.30 |
0 to 0.10 |
|
Jinan |
11.10-11.30 |
11.10-11.40 |
0 to 0.10 |
|
Changsha |
11.20-11.50 |
11.20-11.50 |
-- |
|
Nanjing |
11.00-11.30 |
11.10-11.30 |
0 to 0.10 |
|
Zhengzhou |
11.00-11.20 |
11.00-11.30 |
0 to 0.10 |
|
Shenyang |
11.20-11.40 |
11.20-11.40 |
- |
|
Beijing |
11.00-11.20 |
11.00-11.30 |
0 to 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 46 |
Week 47 |
Price change |
|
Nov 7 - Nov 13 (RMB/kg) |
Nov 14 - Nov 20 (RMB/kg) | ||
|
Guangzhou |
12.00 |
12.00 |
- |
|
Chengdu |
11.85 |
11.85 |
- |
|
Jinan |
11.95 |
11.95 |
- |
|
Changsha |
- |
- |
- |
|
Nanjing |
11.90 |
11.90 |
- |
|
Zhengzhou |
11.80 |
11.80 |
- |
|
Shenyang |
12.05 |
12.05 |
- |
|
Beijing |
11.80 |
11.80 |
- |
| Prices refer to delivered-to-feed-mill prices, and are for reference only. RMB1=US$0.1457 (Nov 21) | |||
Market analysis
Lysine prices in China stabilised after producers had reduced their earlier excess inventories.
Meanwhile, trade improved as broiler feed demand picked up over the week. However, hog feed and layer feed demand remained sluggish.
Market forecast
