China Lysine Mid-Week: Producers reduce price quotes (Nov 25, 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 25  (RMB/kg)	Locally produced lysine prices as of Nov 25 (RMB/kg)
Guangzhou	11.70-11.90	11.00-11.20
Beijing	11.50-11.70	10.80-11.10
Zhengzhou	11.50-11.70	10.80-11.10
Nanjing	11.60-11.80	10.90-11.20
Jinan	11.60-11.90	11.00-11.20
Shijiazhuang	-	10.90-11.20
Changsha	-	11.10-11.30
Shenyang	11.70-12.00	10.00-11.30
Chengdu	11.50-11.70	10.80-11.10
Prices refer to delivered-to-feedmill prices, and are for reference only. RMB1=US$0.1465 (Nov 26)

Market analysis

 

After a major producer reduced its price quotes to RMB10.20/kg several producers followed suit. Transacted prices fell consequently.

 

As of Nov 25, general offer prices of locally-produced lysine were at RMB11.10-11.40/kg. Transacted prices were between RMB10.80-11.10/kg.

 

Prices of 65-percent locally-produced lysine were at RMB6.40-6.60/kg.

 

Prices of deals concluded for 65-percent lysine produced by CJ Corp were at RMB6.50-6.70/kg.

 

As for imported lysine, transacted prices by traders were between RMB11.50-11.80/kg.

Market forecast