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SUNCHEM describes a new upcycle in the amino acid industry, driven by high corn costs and firm downstream feed demand. Corn prices reached record or six-year highs after the 2020 China destocking and northeast typhoon damage.
Lysine and threonine capacity was cut during the industry's losses, and output has since risen year-on-year.
Corn is the main raw material for lysine and threonine, so high corn prices raise production costs and support amino acid prices. Strong pig-herd restocking demand keeps feed demand firm.
sunchemgroup.comSUNCHEM Editorial TeamNov 22, 2021Not 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.
