January 30, 2013
China lysine buyers turn cautious
Lysine prices were flat during the week ending January 24.
Demand for lysine slowed down as soymeal prices showed signs of weakening while large-scale feed millers halted procurements. Hence, lysine prices lacked the momentum to move higher even though producers stood firm.
Price quotes of 98.5-percent lysine were unchanged at RMB13.15-13.60/kg.
Lysine market will stay soft amid subdued demand in the coming week. However, prices are unlikely to fall by a lot as producers are aware that it is unlikely to stimulate buying now with most buyers having abundant inventories.
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