China Lysine Weekly: Feed millers pick up buying activity (week ended Dec 11, 2008)
Prices were table in most regions.
Average transacted prices of locally-produced lysine were stable at RMB10.40/kg. Transacted prices of 65-percent locally-produced lysine were at RMB6.00-6.30/kg.
As for imported lysine, traders concluded deals at prices in the range of RMB10.90-11.20/kg. Prices for imported 65-percent lysine were lower at RMB6.10-6.40/kg.
|
Weekly transacted prices of imported lysine in China | |||
|
Region |
Week 49 |
Week 50 |
Price change (RMB/kg) |
|
Nov 28 - Dec 4 (RMB/kg) |
Dec 5 - Dec 11 (RMB/kg) | ||
|
Guangzhou |
11.15 |
11.15 |
- |
|
Chengdu |
11.10 |
11.00 |
- |
|
Jinan |
11.10 |
11.10 |
- |
|
Changsha |
-- |
-- |
- |
|
Nanjing |
11.10 |
11.10 |
- |
|
Zhengzhou |
11.00 |
11.00 |
- |
|
Shenyang |
11.10 |
11.10 |
- |
|
Beijing |
11.00 |
11.00 |
- |
|
Prices refer to delivered-to-feedmill prices, and are for reference only. | |||
|
Weekly transacted Prices of locally produced lysine in China | |||
|
Region |
Week 49 |
Week 50 |
Price change |
|
Nov 28 - Dec 4 (RMB/kg) |
Dec 5 - Dec 11 (RMB/kg) | ||
|
Guangzhou |
10.30-10.60 |
10.30-10.60 |
- |
|
Chengdu |
10.20-10.50 |
10.20-10.50 |
- |
|
Jinan |
10.30-10.50 |
10.30-10.50 |
- |
|
Changsha |
10.50-10.70 |
10.50-10.70 |
- |
|
Nanjing |
10.30-10.50 |
10.30-10.50 |
- |
|
Zhengzhou |
10.20-10.40 |
10.20-10.40 |
- |
|
Shenyang |
10.30-10.50 |
10.30-10.50 |
- |
|
Beijing |
10.20-10.40 |
10.20-10.40 |
- |
| Prices refer to delivered-to-feed-mill prices, and are for reference only. RMB1=US$0.1455 (Dec 12) | |||
Market analysis
Lysine buying activity picked up in China with medium and small-scale feed millers expecting higher usage in the period leading to the Spring Festival in late January.
Broiler feed consumption was affected by the spread of bird flu in some regions during the week. With layer feed demand remained sluggish, lysine consumption was mainly supported by the hog sector.
Market forecast
