Amino acids | Tryptophan market prices stable with sluggish inquiries
Effamall.com
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Key points:
For Lysine, as the manufacturers have made new offers, the?inquiries have been slightly more active and some terminals have taken wait-and-see attitude. Caused by the Covid outbreaks in China, the delivery has been?disrupted?and delayed. Attention should be paid to delivery and transportation?from upstream factories.
The prices for Methionine?have stayed?steady and?the inquiries have been quiet. Attention should be paid to?delivery from?suppliers.
The results of online voting initiated by Effamall.com last week?showed that 34% of participants predicted a price rise in?Methionine, 36% forecast?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
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Company news
On Wednesday (30/11/2022), CBOT soybean futures market closed with higher prices, up by 3-10?cents.?The reason of the price increase is due to the optimized Covid control measures in China, which has buoyed the market demand expectations for the large importer of soybean.
<Source: Feedtrade?Date: 01/12/2022>
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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 been stable.
In Chinese market, as the manufacturers have made new offers, the?inquiries have been slightly more active and some terminals have taken wait-and-see attitude. Caused by the Covid outbreaks in China, the delivery has been disrupted?and delayed. Attention should be paid to delivery and transportation?from upstream factories.
Methionine
In Europe, the spot quotations for methionine have?remained unchanged.
In China market,?the prices have stayed?flat and?the inquiries have been quiet. Attention should be paid to delivery from?suppliers.
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Threonine
In Europe, there has been?no change?in?spot quotations for threonine.
In China, the inquiries and transactions have been sluggish. Attention should be paid to the production and supply status from upstream factories.
Valine
In European market, spot quotations for valine have?stayed flat.
In Chinese market,?the prices have been stable and strong. The delivery is tight. Hand-to-mouth purchases are dominating the market.?
Tryptophan
In European market, there has been?little change in spot quotations?for tryptophan.
In Chinese market, the prices have been?steady and?strong.?Hand-to-mouth purchases are being taken by the terminals.?Attention should be paid to production dynamics.
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Other news
The Port of Houston, citing technology problems, is postponing the start date of a new fee that would penalize shippers who don’t retrieve import containers after the allowable free time.
<Source: The Journal of Commerce online??Date: 30/11/2022>
<Source: Sina Finance>
Note: Global?futures data is “As of yesterday” due to time difference.
<Source: Sina Finance>
Note: Global?futures data is “As of yesterday” due to time difference.
<Source:?Investing.com>
Note: Data for items with “*” is “As of yesterday”.
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