November 28, 2012
China lysine prices stabilise from slide
Prices were marginally lower during the week ended November 25.
Several buyers restocked depleting inventories cautiously of late as soymeal prices stabilised from the prolonged slide. Nonetheless, lysine prices remained soft as producers were eager to promote sales amid abundant output.
Price quotes of 98.5-percent lysine edged down to RMB13.45-13.90/kg.
China's lysine market will be under pressure due to ample supplies. However, a stabilised soymeal market will lend some support to lysine prices.
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