eFeedLink - China Lysine Weekly: Tight competition sinks prices (week ended Dec 9, 2011)

December 12, 2011

China Lysine Weekly: Tight competition sinks prices (week ended Dec 9, 2011)

An eFeedLink Exclusive

Price summary

Lysine prices were lower.

Price quotes of locally-produced 98.5-percent lysine fell to RMB18-18.20/kg while transacted prices dropped to the range of RM17.50-18.20/kg.

Price quotes of locally-produced 70-percent and 65-percent lysine were at RMB10.80-11.30/kg and RMB10.30-10.70/kg respectively, lower by another RMB0.30-0.50/kg.

As for imported 98.5-percent lysine, transacted price dropped to RMB17.70-18.30/kg.

Weekly transacted prices of locally-produced lysine in China (RMB/kg)
Region	City	Dec 3 - Dec 9			Nov 26 - Dec 2			Price change
Region	City	Lowest	Highest	Average	Lowest	Highest	Average	Price change
North	Beijing	17.55	17.90	17.73	17.90	18.30	18.10	-0.37
North	Zhengzhou	17.45	17.80	17.63	17.75	18.10	17.93	-0.30
East	Jinan	17.45	17.90	17.68	17.85	18.30	18.08	-0.40
East	Nanjing	17.50	17.90	17.70	17.80	18.35	18.08	-0.38
Central	Changsha	17.70	18.20	17.95	18.30	18.75	18.53	-0.58
Northeast	Shenyang	17.80	18.40	18.10	18.20	18.60	18.40	-0.30
South	Guangzhou	17.60	18.00	17.80	17.90	18.50	18.20	-0.40
Southeast	Chengdu	17.70	18.10	17.90	18.10	18.60	18.35	-0.45

Weekly transacted prices of imported lysine in China (RMB/kg)
Region	City	Dec 3 - Dec 9	Nov 26 - Dec 2	Price change
North	Beijing	18.00	18.40	-0.40
North	Zhengzhou	17.90	18.30	-0.40
East	Jinan	17.90	18.40	-0.50
East	Nanjing	17.90	18.40	-0.50
Northeast	Shenyang	-	-	-
South	Guangzhou	18.00	18.30	-0.30
Southeast	Chengdu	18.10	18.50	-0.40
Prices refer to delivered-to-feed-mill prices, and are for reference only. RMB1=US$0.1572 (Dec 12)

Market analysis

Lysine prices continued to decline, albeit at a slower rate compared with the previous week. As overall supplies are seen to increase with a few producers'new facilities ready for operation, lysine suppliers negotiated prices further in a bid to clinch deals.

In Europe, quotes for 2012 Q1 orders stayed at EUR1.96-1.98/kg, while spot prices stood firm at EUR2.20-2.40/kg.

Market forecast

Lysine market in China is expected to stay soft amid weak buying interest and strong competition.

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