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Lysine prices flat despite stronger soymeal market in China

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Publish time: 7th May, 2014      Source: www.cnchemicals.com
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May 7, 2014
   
   
Lysine prices flat despite stronger soymeal market in China
   
   
   
Lysine prices were unchanged during the week ending May 6.
   
   
Even though soymeal prices surged over 3% during the period in review, while the sales of lysine in Europe remained strong, producers had difficulties lifting prices in the domestic markets.
   
   
Average transacted price stayed at RMB7.20/kg.
   
   
The rise is soymeal prices will stimulate the buying interest for lysine in conjunction with higher feed consumption.
   
   
RMB1=US$0.1607 (May 7)
   
   
   
   
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