December 27, 2016
China Lysine Weekly: Prices fall on ample supply, slack demand (week ended Dec 27, 2016)
An eFeedLink Exclusive
Price summary
Prices continued to drop.
Price quotes of 98.5-percent lysine slid to the range of RMB12-134/kg. Average prices dropped RMB0.57/kg to RMB12.45/kg.
Price quotes of 70-percent lysine were at RMB7.80-8.50/kg.
For imported 98.5-percent lysine, transacted prices dipped to the range of RMB14.20-15.10/kg.
|
Weekly transacted prices of imported lysine in China (RMB/kg) | ||||
|
Provinces |
City/Municipality |
Price as of Dec 27 |
Price as of Dec 20 |
Price change |
|
Guangdong |
Guangzhou |
13.00 |
14.00 |
-1.00 |
|
Sichuan |
Chengdu |
13.00 |
13.00 |
0.00 |
|
Shandong |
Jinan |
12.00 |
12.80 |
-0.80 |
|
Henan |
Zhengzhou |
12.00 |
12.50 |
-0.50 |
|
Liaoning |
Shenyang |
12.50 |
13.00 |
-0.50 |
|
- |
Beijing |
12.20 |
12.80 |
-0.60 |
|
- |
Average |
12.45 |
13.02 |
-0.57 |
|
|
|
|
|
|
|
Weekly prices of imported lysine in China (RMB/kg) | ||||
|
Provinces |
City/Municipality |
Price as of Dec 27 |
Price as of Dec 20 |
Price change |
|
Guangdong |
Guangzhou |
15.10 |
16.10 |
-1.00 |
|
Sichuan |
Chengdu |
14.90 |
14.90 |
0.00 |
|
Shandong |
Jinan |
14.20 |
15.00 |
-0.80 |
|
Henan |
Zhengzhou |
14.40 |
14.90 |
-0.50 |
|
Liaoning |
Shenyang |
14.40 |
14.90 |
-0.50 |
|
- |
Beijing |
14.35 |
14.95 |
-0.60 |
|
- |
Average |
14.56 |
15.13 |
-0.57 |
| Prices are for reference only. RMB1=US$0.1439 (Dec 27) | ||||
Market analysis
In Europe, price quotes for Q1 deliveries stayed at EUR1.50/kg as most buyers have placed orders for Q1 2017.
Market forecast
Lysine prices are seen soft in the coming period. With hog population limited and feed millers treading prudently, the demand for feed and subsequently lysine is expected to stay slow. High profit margins will allow producers to cut prices further to entice buyers.
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