Amino acids | Tryptophan prices stable with slightly increased transactions

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.

Lysine?prices?have weakened and the quotations from factories have been steady. The inquiry has been sluggish?and tie-in purchase willingness has been low. Impacted by the Covid, attention should be paid to quotations from leading?manufacturers.

The online voting last week initiated by Effamall.com showed that 28% of participants predicted a further price rise of?Methionine, 45% foresaw a drop, and 27% 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?Monday (01/08/2022), CBOT?soybean futures market closed with lower prices, declining by 34-62.5 cents. <Source:feedtrade.com.cn/soybean/soybean_future/news/2071999.html?Date: 02/08/2022>

<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, the inquiry has been sluggish?and tie-in purchase willingness has been low.?Impacted by the Covid, attention should be paid to quotations from leading?manufacturers.?

Methionine

In Europe, the spot quotations for methionine have been stable.

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?decreased slightly.

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.

<Effamall.com>

Other news

Freight

India cargo owners are now dealing with a fresh levy linked to container weight, along with a new wave of general rate increases and surcharges that have already found their way into the market ahead of peak shipping season.

<Source:https://www.joc.com/maritime-news/trade-lanes/india-us-cargo-hit-overweight-surcharges-ahead-peak-season_20220801.html??Date: 02/08/2022>

<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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