Amino acids | Threonine prices weak and demand low with inactive transactions
Effamall.com
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Key points:
Methionine market?prices have been stable?and strong. Inquiries have been slightly more active. 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, while 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 Lysine, 61% foresaw a drop, and 14% 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?(22/08/2022),?CBOT?soybean futures market closed with higher?prices, increasing by 29.75-38.25?cents.?The price increase is due to the great demand from China, which is beneficial to buoy the soybean prices. <Source:https://www.feedtrade.com.cn/soybean/soybean_future/news/2072205.html?Date: 23/08/2022>
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Market Information
Lysine
In European market, spot quotations of 98.5% L-lysine HCL have been stable, and spot quotations of 70% L-lysine sulfate?have gone up slightly.
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.
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In China market, methionine market?prices have been stable and strong. Inquiries have?been average. 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 little 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 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
Vancouver has experienced excessive container dwell times for several months as congestion at rail hubs in Toronto and Montreal reduced intermodal services to and from Canada’s largest port.
<Source:https://www.joc.com/port-news/terminal-operators/operational-woes-threaten-maersk%E2%80%99s-vancouver-services_20220822.html?Date:?23/08/2022>
<Source: https://finance.sina.com.cn/?>
Note: Data for items with “*” is “As of yesterday”.
<Source: https://finance.sina.com.cn/?>
Note: Data for items with “*” is “As of yesterday”.
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