HomeProduct Complimentary download Lysine market shows signs of weakening in China

Lysine market shows signs of weakening in China

Keyword:
Publish time: 2nd January, 2014      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
   
   
January 2, 2014
   
   
Lysine market shows signs of weakening in China
   
   
   
Lysine prices were stable to lower during the week ending December 31.
   
   
Feed millers were treading prudently as livestock disease rates increased while prices of broiler and hog softened during December. Moreover, as the supply of lysine remained sufficient despite production drops, buyers were not keen to stockpile high inventories.
   
   
Price quotes of 65-percent lysine and 70-percent lysine were unchanged in the range of RMB4.30-4.60/kg and RMB4.70-4.90/kg respectively.
   
   
Producers are likely to cut prices further, albeit cautiously, to promote sales before Chinese New Year.
   
   
RMB1=US$0.1652 (Jan 2)
   
   
   
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.