March 27, 2014
China lysine prices consolidate lower, show signs of stabilising
Lysine prices fell at a slower pace during the week ending March 26.
Lysine market showed signs of stabilising after traders have released substantial stocks over the week.
Price quotes of 65-percent lysine and 70-percent lysine dipped to RMB4.10-4.40/kg and RMB4.60-4.70/kg respectively.
Lysine prices are expected stay around current levels in the near term as producers, who are incurring losses or making paltry profits, will stand firm.
RMB1=US$0.1610 (Mar 27)
The full market report (with complete data) of this excerpt is available here.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.