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Steeper lysine price cuts in China fail to stimulate demand

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Publish time: 16th January, 2014      Source: www.cnchemicals.com
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January 16, 2014
   
   
Steeper lysine price cuts in China fail to stimulate demand
   
   
   
Lysine prices moved lower during the week ending January 15.
   
   
Producers gave deeper discounts in a bid to stimulate demand but buying interest remained weak.
   
   
Imported 98.5-percent lysine transacted prices were at RMB10.50-10.75/kg.
   
   
Even if producers slash prices further, sales are unlikely to increase significantly as livestock and feed producers are wary of the severe disease situation in the country.
   
   
RMB1=US$0.1654 (Jan 16)
   
   
   
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