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Lysine prices in China averaged 6.98 yuan/kg for 98.5% product in the first half of 2020, with the 70% grade at 4.44 yuan/kg. Prices rose in early spring on epidemic-related logistics disruption and strong corn, then fell in May and June as feed demand entered its seasonal low.
Weak poultry and aquaculture feed demand and softer seasonal prices point to limited near-term support for lysine, while export orders at highs could cushion the downside for feed buyers.
echemi.comJul 8, 2020Not 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.
