Amino acids | Tryptophan prices stable and transactions sluggish amid hand-to-mouth purchases dominating the market
Effamall.com
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Key points:
Methionine market?prices have been stable. 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.
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 20% of participants predicted a further price rise of?Methionine, 60% foresaw a drop, and 20% 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 (27/06/2022), CBOT?was closed with higher prices, increasing by 1.75-19.75 cents. <Source:https://www.feedtrade.com.cn/soybean/soybean_future/news/2071601.html??Date: 28/06/2022>
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Market Information
Lysine
In European market, spot quotations of?both?98.5% L-lysine HCL?have been stable?and 70% L-lysine sulfate?have decreased slightly.
In Chinese market, quotations from factories have been stable. 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 dropped marginally.
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In China market, methionine market?prices have been stable. 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 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?slipped 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?slight decrease?in spot quotations?for tryptophan.
In Chinese market, the prices have been stable and weak with low downstream demand?and inactive transactions. Attention should be paid to production dynamics.
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Other news
Freight
Rate levels on the major trade lanes out of Asia should be rising as peak season begins and key destination ports remain congested, but the spot market has continued to decline.
<Source:https://www.joc.com/maritime-news/trade-lanes/container-shipping-market-showing-clear-signs-weakness-analysts_20220627.html???Date: 28/06/2022>
<Source: https://finance.sina.com.cn/?>
Note: Global?futures data is “As of yesterday” due to time difference.
Note: Data for items with “*” is “As of yesterday”.
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