Amino acids | Valine prices stable and strong with average inquiries

Key points:

For Lysine, the inquiries have been stable, transactions have been average and prices have been steady. Impacted by the Covid outbreaks in China, the delivery has been?disrupted?and the delivery time has delayed. Attention should be paid to delivery and transportation?from upstream factories.

The prices for Methionine?have stayed?flat and?the inquiries have been quiet. Attention should be paid to?delivery from?suppliers.

The online voting last week initiated by Effamall.com showed that 70% of participants predicted a further price rise of Tryptophan, 11% foresaw a drop, and 19% 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: Bank of China>

<Effamall.com>

Company news

On?Wednesday?(12/10/2022),?CBOT?soybean futures market closed with?higher?prices, up by 3.25-19.75 cents.

<Source:?Feedtrade?Date: 13/10/2022>

<Effamall.com>

Market Information

Lysine

In European market, spot quotations of 98.5% L-lysine HCL have been stable, as well as?the spot quotations of 70% L-lysine sulfate.

In Chinese market, the inquiries have been stable, transactions have been average and prices have been steady. Impacted by the Covid outbreaks?in China, the delivery has been disrupted and the delivery time has delayed. Attention should be paid to delivery and transportation from upstream factories.

Methionine

In Europe, the spot quotations for methionine have?stayed flat.

In China market, the market prices have been stable and the inquiries have been quiet. Attention should be paid to delivery from suppliers.?On 10/10/2022, NHU?offered Methionine products at RMB22/kg.

Threonine

In Europe, there has been?no?change?in?spot quotations for threonine.

In China, the inquiries and transactions for threonine have trended upwards?slightly. Attention should be paid to the production and supply status from upstream factories.

Valine

In European market, spot quotations for valine have?remained stable.

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 stable?and strong.?Hand-to-mouth purchases are being taken by the terminals?and the transactions have been low.?Attention should be paid to production dynamics.

<Effamall.com>

Other news

Software vendor Portchain will help a DP World-operated terminal in the Port of Antwerp to automate communication from shipping lines to better coordinate berth plans, the companies said Wednesday.

<Source:?The Journal of Commerce online??Date: 12/10/2022>

<Source: Sina Finance>

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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