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Lysine hydrochloride prices for feed and food grade declined again in February 2023 as downstream demand stayed light. Chinese prices fell about 3 percent, with producers cutting output and merchants in the US and Europe canceling recent orders.
Soybean feedstock prices did not rise enough to support a rebound.
Weak lysine demand and falling prices lower the cost of a key feed amino acid for compound feed makers, while Chinese output cuts are the main supply response to watch.
chemanalyst.comJacob KutchnerMar 6, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
