December 26, 2011
China Lysine Weekly: High prices deter buyers (week ended Dec 23, 2011)
An eFeedLink Exclusive
Price summary
Lysine prices were lower.
Price quotes of locally-produced 98.5-percent lysine slid to around RMB17/kg while transacted prices varied in the range of RM16.70-17.80/kg.
Price quotes of locally-produced 70-percent and 65-percent lysine fell to RMB10.70/kg and RMB10.20/kg respectively.
As for imported 98.5-percent lysine, transacted price moved lower to RMB17.20-17.60/kg.
|
Weekly transacted prices of locally-produced lysine in China (RMB/kg) | ||||||||
|
Region |
City |
Dec 17 - 23 |
Dec 10 - 16 |
Price change | ||||
|
Lowest |
Highest |
Average |
Lowest |
Highest |
Average | |||
|
North |
Beijing |
16.85 |
17.30 |
17.08 |
17.00 |
17.45 |
17.23 |
-0.15 |
|
Zhengzhou |
16.75 |
17.25 |
17.00 |
16.95 |
17.40 |
17.18 |
-0.18 | |
|
East |
Jinan |
16.75 |
17.30 |
17.03 |
16.85 |
17.45 |
17.15 |
-0.12 |
|
Nanjing |
16.85 |
17.40 |
17.13 |
16.95 |
17.55 |
17.25 |
-0.12 | |
|
Central |
Changsha |
17.15 |
17.80 |
17.48 |
17.20 |
17.90 |
17.55 |
-0.07 |
|
Northeast |
Shenyang |
17.05 |
17.50 |
17.28 |
17.20 |
17.80 |
17.50 |
-0.22 |
|
South |
Guangzhou |
16.90 |
17.35 |
17.13 |
17.00 |
17.65 |
17.33 |
-0.20 |
|
Southeast |
Chengdu |
17.00 |
17.55 |
17.28 |
17.10 |
17.70 |
17.40 |
-0.12 |
|
Weekly transacted prices of imported lysine in China (RMB/kg) | ||||
|
Region |
City |
Dec 17 - 23 |
Dec 10 - 16 |
Price change |
|
North |
Beijing |
17.30 |
17.60 |
-0.30 |
|
　 |
Zhengzhou |
17.20 |
17.50 |
-0.30 |
|
East |
Jinan |
17.20 |
17.50 |
-0.30 |
|
　 |
Nanjing |
17.15 |
17.45 |
-0.30 |
|
Northeast |
Shenyang |
- |
- |
- |
|
South |
Guangzhou |
17.35 |
17.70 |
-0.35 |
|
Southeast |
Chengdu |
17.45 |
17.75 |
-0.30 |
|
Prices refer to delivered-to-feed-mill prices, and are for reference only. | ||||
Market analysis
Although prices of lysine have dropped steadily in Q4, they were still considerably higher than 2009's record price of below RMB15.50/kg. China buyers were therefore reluctant to stockpile inventories, particularly as supplies are poised to increase due to production expansion.
In Europe, lysine supplies remained tight. Quotes for 2012 Q1 orders rose EUR0.10-0.20/kg, with early January and March deliveries at EUR2.50-2.60/kg and EUR2.05-2.20/kg respectively.
Market forecast
Cautious mood will prevail in China market even though buying interest is likely to improve.
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