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Lysine prices in China stayed in a low range through 2018, with 98-content lysine ranging from 7.2 to 8.8 yuan/kg. Prices bottomed in May-July, rebounded in August-November on higher corn costs, then weakened again from late November as corn volumes rose and new capacity came online.
Global feed-grade lysine capacity reached 4.815 million tons, with China's capacity up 54% year on year and utilization near 50%.
Persistent overcapacity and low utilization keep amino acid prices weak, which lowers feed formulation costs for buyers. Lysine price direction is closely tied to corn costs, so a corn rally would support lysine prices.
yh-nutri.comJan 5, 2019Not 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.
