Amino acids | Lysine prices stable and strong and transactions increased
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Key points:
The overall Lysine market has been active. The downstream purchasing willingness has increased,?and both the inquiries and?transactions have gone up significantly. Impacted by the Covid outbreaks, the delivery has been?disrupted.?Attention should be paid to production and delivery from upstream factories.
The prices of Threonine have been close to the cost line while the inquiries and transactions have trended upwards.
Methionine market?prices have been stable. Inquiries have increased. Attention should be paid to?delivery from factories.
The online voting last week initiated by Effamall.com showed that 41% of participants predicted a further price rise of Methionine, 33% foresaw a drop, and 26% estimated a stable trend for a while.
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Price Updates
*Remarks:
Calculation Formula: RMB price/exchange rate/ (100%+13%), therein, 13% is VAT rebates for product export;
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Exchange rates
<Source: https://www.boc.cn/sourcedb/whpj/>
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Company news
On?Monday?(12/09/2022),?CBOT?soybean futures market closed with higher?prices, increasing by 38.5-76 cents.?
<Source:?https://www.feedtrade.com.cn/soybean/soybean_future/news/2072477.html???Date: 13/09/2022>
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Market Information
Lysine
In European market, spot quotations of both 98.5% L-lysine HCL and 70% L-lysine sulfate have decreased slightly.
In Chinese market, the overall Lysine market has been active. The downstream purchasing willingness has increased and both the inquiries and?transactions have gone up significantly. Impacted by the Covid outbreaks, the delivery has been?disrupted. Attention should be paid to production and delivery from upstream factories.
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Methionine
In Europe, the spot quotations for methionine have been steady.
In China market, the market prices have been stable. Inquiries have increased. Attention should be paid to delivery from factories.
Threonine
In Europe, there has been?little change?in?spot quotations for threonine.
In China,?the prices have been close to the cost line while the inquiries and transactions have trended upwards. Attention should be paid to the production and supply from upstream factories.
Valine
In European market, spot quotations for valine have?been flat.
In Chinese market,?end users’?demand has been weak and transactions have been average. Hand-to-mouth purchases are dominating the market.
Tryptophan
In European market, there has been?no change?in spot quotations?for tryptophan.
In Chinese market, the prices have been stable?with low transactions. Hand-to-mouth purchases are being taken by the terminals. Attention should be paid to production dynamics.
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Other news
Freight
According to BIMCO (The Baltic and International Maritime Council), the vessel capacity freed up from easing congestion, combined with the sheer size of the orderbook, will be difficult for carriers to manage in a weakening demand environment.
<Source:https://www.joc.com/maritime-news/trade-lanes/trans-pacific/no-avoiding-container-shipping-overcapacity-bimco_20220912.html Date:?13/09/2022>
<Source: https://finance.sina.com.cn/?>
Note: Global?futures data is “As of yesterday” due to time difference.
<Source: https://finance.sina.com.cn/?>
Note: Data for items with “*” is “As of yesterday”.
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