December 19, 2011
China Lysine Weekly: Prices dip further; year-end restocking yet to start (week ended Dec 16, 2011)
An eFeedLink Exclusive
Price summary
Lysine prices were lower.
Price quotes of locally-produced 98.5-percent lysine dropped to RMB17.20-17.50/kg while transacted prices slid to RM16.90-17.90/kg.
Price quotes of locally-produced 70-percent and 65-percent lysine were in the range of RMB10.50-10.70/kg and RMB10.30-10.70/kg respectively.
As for imported 98.5-percent lysine, transacted price moved lower to RMB17.50-17.80/kg.
|
Weekly transacted prices of locally-produced lysine in China (RMB/kg) | ||||||||
|
Region |
City |
Dec 10 - 16 |
Dec 3 - 9 |
Price change | ||||
|
Lowest |
Highest |
Average |
Lowest |
Highest |
Average | |||
|
North |
Beijing |
17.00 |
17.45 |
17.23 |
17.55 |
17.90 |
17.73 |
-0.50 |
|
Zhengzhou |
16.95 |
17.40 |
17.18 |
17.45 |
17.80 |
17.63 |
-0.45 | |
|
East |
Jinan |
16.85 |
17.45 |
17.15 |
17.45 |
17.90 |
17.68 |
-0.53 |
|
Nanjing |
16.95 |
17.55 |
17.25 |
17.50 |
17.90 |
17.70 |
-0.45 | |
|
Central |
Changsha |
17.20 |
17.90 |
17.55 |
17.70 |
18.20 |
17.95 |
-0.40 |
|
Northeast |
Shenyang |
17.20 |
17.80 |
17.50 |
17.80 |
18.40 |
18.10 |
-0.60 |
|
South |
Guangzhou |
17.00 |
17.65 |
17.33 |
17.60 |
18.00 |
17.80 |
-0.47 |
|
Southeast |
Chengdu |
17.10 |
17.70 |
17.40 |
17.70 |
18.10 |
17.90 |
-0.50 |
|
Weekly transacted prices of imported lysine in China (RMB/kg) | ||||
|
Region |
City |
Dec 10 - 16 |
Dec 3 - 9 |
Price change |
|
North |
Beijing |
17.60 |
18.00 |
-0.40 |
|
　 |
Zhengzhou |
17.50 |
17.90 |
-0.40 |
|
East |
Jinan |
17.50 |
17.90 |
-0.40 |
|
　 |
Nanjing |
17.45 |
17.90 |
-0.45 |
|
Northeast |
Shenyang |
- |
- |
- |
|
South |
Guangzhou |
17.70 |
18.00 |
-0.30 |
|
Southeast |
Chengdu |
17.75 |
18.10 |
-0.35 |
|
Prices refer to delivered-to-feed-mill prices, and are for reference only. | ||||
Market analysis
Major lysine producers slashed prices further amid slack demand, as feed millers had yet to begin a new round of year-end stockpiling.
In Europe, quotes for 2012 Q1 orders rose slightly to EUR2.05-2.20/kg amid limited availability.
Market forecast
With short-term supplies tight and restocking demand set to pick up, lysine market may see limited downside in the coming period.
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