Amino acids |Prices of Lysine stable and weak amid hand-to-mouth purchases dominating the market
Effamall.com
New opportunities and new information are discovered every day in the feed additive industry!
Key points:
Methionine market?prices have been stable. Inquiries have been sluggish. Some manufacturers have decided to carry out their?maintenance plan in August 2022. Attention should be paid to?supply dynamics from factories.
The prices of 70%?L-Lysine sulfate?have weakened and the?transactions?have been inactive, and the prices of 98%?L-Lysine HCL?have been stable and the inquiries have been average. Some manufacturers have moved into maintenance?period. Attention should be paid to delivery?from manufacturers.
The online voting last week initiated by Effamall.com showed that 25% of participants predicted a further price rise of?Tryptophan, 45% foresaw a drop, and 30% estimated a stable trend for a while.
<Effamall.com>
Price Updates
*Remarks:
Calculation Formula: RMB price/exchange rate/ (100%+13%), therein, 13% is VAT rebates for product export;
<Effamall.com>
Exchange rates
<Source: https://www.boc.cn/sourcedb/whpj/>
<Effamall.com>
Company news
On?Tuesday (10/08/2022),?CBOT?soybean futures market closed with higher prices, increasing by 16.75-73.75 cents. The price increase is due to the hot weather occurred in certain soybean-producing areas at the weekend.
<Source:?https://www.feedtrade.com.cn/soybean/soybean_future/news/2072086.html?Date: 11/08/2022>
<Effamall.com>
Market Information
Lysine
In European market, spot quotations of?both 98.5% L-lysine HCL?and 70% L-lysine sulfate?have been stable.
In Chinese market, inquiries have been average. Some manufacturers have moved into maintenance period. Attention should be paid to delivery?from manufacturers.
Methionine
In Europe, the spot quotations for methionine have been steady.
领英推荐
In China market, methionine market?prices have been stable. Inquiries have?been sluggish. Some manufacturers have decided to carry out their?maintenance plan in August 2022. Attention should be paid to?supply dynamics from factories.?
Threonine
In Europe, there has been no change?in?spot quotations for threonine.
In China, the inquiries have trended?downwards, demand has been weak and purchasing willingness is low. Attention should be paid to production and export dynamics.?
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?slightly?increased demand and?low transactions. Attention should be paid to production dynamics.
<Effamall.com>
Other news
Freight
East Coast congestion continues to be a concern for carriers as more West Coast volumes are diverted, slowing cargo flow at East and Gulf coast ports.
<Source:https://www.joc.com/port-news/us-ports/port-norfolk/new-tango%E2%80%99-service-restrictions-extended-amid-usec-congestion_20220810.html?Date: 11/08/2022>
<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”.
<Copyright Notice>
Content above is copyright of Shanghai Mobao E-commerce Co., Ltd. and may not be reproduced without permission. Copyright also exists in all other indicated sources of information and may belong to the author depending on the circumstances of use.