Deceber 4, 2023
China Lysine: Market under pressure amid lower soymeal cost (week ended Oct 30, 2023)
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Demand for lysine was limited as feed producers withheld purchases amid decreased usages. Lysine producers cut prices amid mounting inventory pressure.
Transacted prices of 98.5-percent lysine in China remained in the range of RMB9.64-10.70/kg while those of 70-percent lysine slid to the range of RMB5.87-6.55/kg.
Export prices of 70-percet lysine dropped to US$0.75/kg while those of 98.5-percent varieties dipped to US$1.32/kg.
Lysine sales will stay weak with soymeal prices substantially lower. Producers will be under pressure to negotiate prices amid strong competition.
Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/327/5071
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