eFeedLink Mobile

 


February 14, 2020

                                              

China Lysine Weekly: Prices unchanged amid low trade (week ended Feb 10, 2020)

 

An eFeedLink Exclusive

 


Price summary
 

Prices were stable.

 

Price quotes of 98.5-percent lysine remained in the range of RMB6.70-7.50/kg. Average price edged up to RMB7.15/kg.

     

Price quotes of 70-percent lysine were in the range of RMB4.30-4.50/kg.

 

For imported 98.5-percent lysine, transacted prices stayed at RMB8.70-9.60/kg.

 

Weekly transacted prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of
Feb 10
(RMB/kg)

Price as of
Feb 1
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

7.00

6.80

0.20

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.00

7.00

0.00

Liaoning

Shenyang

7.50

7.50

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.15

7.12

0.03

 

Weekly prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of
Feb 10
(RMB/kg)

Price as of
Feb 1
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.90

8.70

0.20

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.40

9.40

0.00

Liaoning

Shenyang

9.40

9.40

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.26

9.23

0.03

Prices are for reference only.
RMB1=US$0.1434 (Feb 14)

 

 

Market analysis


As China extended the Chinese New Year holidays due to the Wuhan coronavirus epidemic, lysine trade was almost non-existent. This was reflected in the stable prices.

 

With production plants unable to commence operation and deliveries impossible, feed producers had difficulties making purchases even as inventories stocked before the festive hiatus were depleting.  

 

In Europe, price quotes remained at EUR1.20/kg.

 

 

Market forecast            


Prices of lysine are seen stable to higher, as logistics difficulties and the near-term demand to restock depleted inventories will lend support to the market. However, worth noting, the low hog and poultry population, together with the high capacity of lysine industry may work to limit the price hikes.
 

 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
ABOUT US
ENQUIRY
GENERAL
Copyright ©2020 eFeedLink. All rights reserved
Switch to Full Website