December 17, 2008
China Lysine Mid-Week: Prices at below cost level (Dec 16, 2008)
An eFeedLink Exclusive
Price summary
Prices were lower in most regions.
|
Transacted prices of lysine in China | ||
|
Region |
Imported lysine prices |
Locally produced lysine prices |
|
Guangzhou |
11.00-11.30 |
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 |
| Remarks: Prices indicated above refer to delivered-to-feedmill prices, and are for reference only. RMB1=US$0.1461 (Dec 17) | ||
Market analysis
With no buildup in inventory, lysine producers were not especially keen to conclude deals amid current low prices.
As of Dec 16, 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
Current lysine prices are unlikely to fall further as they are already below cost level.
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