China Lysine Mid-Week: Price quotes fall below production costs (Dec 2, 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 Dec 2
(RMB/kg) |
Locally produced lysine
prices as of Dec 2
(RMB/kg) |
|
Guangzhou |
11.00-10.30 |
10.30-10.60 |
|
Beijing |
10.90-11.10 |
10.20-10.40 |
|
Zhengzhou |
10.90-11.10 |
10.20-10.40 |
|
Nanjing |
11.00-11.20 |
10.30-10.50 |
|
Jinan |
11.00-11.20 |
10.30-10.50 |
|
Shijiazhuang |
-- |
10.30-10.50 |
|
Changsha |
- |
10.50-10.70 |
|
Shenyang |
11.00-11.20 |
10.30-10.50 |
|
Chengdu |
10.90-11.10 |
10.20-10.40 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1454 (Dec 3) | ||
Market analysis
Prices continued to fall as at mid-week. Price quotes of some producers have fallen below the breakeven level.
As of Dec 2, general offer prices of locally-produced lysine were in the range of RMB10.40-10.70/kg. Transacted prices were between RMB10.20-10.50/kg.
Prices of 65-percent locally-produced lysine were between RMB6.00/kg and RMB6.30/kg.
Prices of deals concluded for 65-percent lysine produced by CJ Corp were at RMB6.10-6.40/kg.
As for imported lysine, transacted prices by traders were between RMB10.90-11.20/kg.
Market forecast
