Weekly amino acids | Tie-in purchase willingness low for Lysine and delivery dynamics to be focused
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Market information this week
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. Impacted by the Covid, attention should be paid to quotations from leading?manufacturers.
On 13/06/2022, Ningxia Eppen?announced that their Ningxia and Inner Mongolia bases have decided the plan to suspend production for maintenance in July and August 2022, which is expected to take 10-15 days.
On 14/06/2022, Chengfu?decided the plan to suspend?lysine production line for maintenance, which will reduce lysine?output?by one-third.
On 15/06/2022, Chengfu?increased?the 70% lysine price by RMB0.2/kg.
*Remarks:
Calculation Formula: RMB price/exchange rate/ (100%+13%), therein, 13% is VAT rebates for product export.
Lysine
In European market, spot quotations of?98.5% L-lysine HCL have decreased slightly?and 70% L-lysine sulfate?have been stable.
In?Chinese market, quotations from factories have been steady and inquiries have been low. Due to the Covid, attention should be paid to quotations?from leading manufacturers.
Methionine
This week, data shows that methionine prices have?dropped marginally?in?European market.
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
This week, threonine market prices have been flat in Europe.
In China market, inquiry?has tended to be weak, demand has been?low?and overall transactions have been sluggish. Production and export dynamics?should be focused.
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Valine
This week,?in Europe, there has been slight drop?in pricing.
In China, downstream demand has been weak and transactions have been sluggish. Hand-to-mouth purchases are dominating the market.
Tryptophan
In Europe this week, spot quotations?have?slipped slightly.
In Chinese market, the prices have been stable and weak with low downstream demand?and inactive transactions. Attention should be paid to production dynamics.
Other news this week
On Thursday(16/06/2022), CBOT soybean futures market was closed with higher prices, increasing by 14.25-19.75 cents.
<Source:https://www.feedtrade.com.cn/soybean/soybean_future/news/2071468.html?Date: 17/06/2022>
<Source: https://www.boc.cn/sourcedb/whpj/>
<Source: https://finance.sina.com.cn/?>
Note: Global?futures data is “As of yesterday” due to time difference
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