December 19, 2008
China Lysine Weekly: Light trade amid cautious mood (week ended Dec 18, 2008)
An eFeedLink Exclusive
Prices were table in most regions.
Average transacted prices of locally-produced lysine were unchanged 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 remained at RMB6.10-6.40/kg.
|
Weekly transacted prices of imported lysine in China | |||
|
Region |
Week 50 |
Week 51 |
Price change |
|
Dec 5 - Dec 11 (RMB/kg) |
Dec 12 - Dec 18 (RMB/kg) | ||
|
Guangzhou |
11.15 |
11.15 |
- |
|
Chengdu |
11.00 |
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 50 |
Week 51 |
Price change |
|
Dec 5 - Dec 11 (RMB/kg) |
Dec 12 - Dec 18 (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$0.1463 (Dec 19) | |||
Market analysis
Buying interest which picked up in the previous week waned before lysine prices could make any gain. Currently, feed millers were mostly procuring to meet immediate production needs.
Meanwhile, poultry feed demand remained sluggish due to the tainted eggs scandal and outbreaks of bird flu. On the other hand, hog inventory fell as release volumes increased amid higher demand by meat processing companies.
Market forecast
With feed demand weaker, prices of lysine are likely to soften in the near term.
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