China Lysine Mid-Week: Producers reduce price quotes (Nov 25, 2008)
An eFeedLink Exclusive
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
