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Chinese lysine manufacturers and exporters are building inventories in Chicago to shorten supply chains, with the first shipment reaching a Foreign Trade Zone in Savannah, IL in April 2022 for Midwest feed makers. Lysine has been short across North America since 2020, and a container shipment ordered for February only arrived in mid-June because of China's zero-Covid lockdowns and US port congestion.
Warehoused US inventory should ease the North American lysine shortage and reduce delivery delays for feed mills, which could soften lysine prices over time.
prnewswire.comAnitrition BiotechJul 5, 2022Not 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.
