December 12, 2008

                                   

China Lysine Weekly: Feed millers pick up buying activity (week ended Dec 11, 2008)

 
An eFeedLink Exclusive
 
 
Price summary

 

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
(RMB/kg)

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

 
China's lysine prices are seen stable to higher as more feed millers stocked up for feed production in the period leading to the Spring Festival.
 
 
 
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