Amino acids | Tryptophan inquiry atmosphere quiet with low transactions
Effamall.com
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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.?
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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 (08/08/2022), CBOT?soybean futures market prices mixed and closed between 4.75 cents up and 9.25 cents down. The price decrease is due to the improved rainfall conditions occurred in certain soybean-producing areas at the weekend.
<Source:?https://www.feedtrade.com.cn/soybean/soybean_future/news/2072086.html?Date: 09/08/2022>
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Market Information
Lysine
In European market, spot quotations of?98.5% L-lysine HCL?have decreased slightly and spot quotations of?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 decreased slightly.
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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?transactions. Attention should be paid to production dynamics.
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Other news
Freight
Falling water levels on the Rhine are a seasonal problem, but this summer a European heatwave and low rainfall has left parts of the river virtually impassable.
<Source:https://www.joc.com/rail-intermodal/inland-ports/rhine-low-water-levels-restrict-loads-spark-surcharges_20220805.html?Date: 09/08/2022>
<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”.
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