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Home > Chemial News > Food Industry News > The raw material corn is soaring, the lysine and threonine markets jump

The raw material corn is soaring, the lysine and threonine markets jump

Echemi 2020-10-22

After the Mid-Autumn Festival and National Day, the price of corn has soared. The current spot purchase price has exceeded 2,600 yuan/ton, which is a 4-year high. Affected by rising costs, lysine and threonine companies have recently raised their quotations one after another (see below for details). On October 21, Wanli Runda quoted a high price of 8.2 yuan/kg and 5 yuan/kg. The market for lysine and threonine has been swept away in the past, and it has jumped higher. At present, the market price of 98% lysine is 7.7-8 yuan/kg, and the price of 70% lysine is 4.5-4.8 yuan/kg. The threonine market The price is 8.8-9.2 yuan/kg.

 

On October 21, Wanli Runda's lysine quotation: 98.5% lysine 8.2 yuan/kg, 70% lysine 5.0 yuan/kg, both increased by 0.2 yuan/kg from the previous quotation.

 

Yipin Bio’s amino acid quotation on October 20: 98% lysine 7.6 yuan/kg, 70 lysine 4.4 yuan/kg, and threonine 8.8 yuan/kg, both up by 0.1 yuan/kg from the previous quotation.

 

On October 20, Fufeng Group’s amino acid quotations: Threonine 9.1 yuan/kg, 70% Lysine 4.6 yuan/kg, 98.5% Lysine 7.9 yuan/kg.

The raw corn market "grows strongly"

 

This year’s northeast new season corn suffered three consecutive typhoons. Large-scale lodging caused difficulty in corn harvesting. The slow progress of new corn listing and strong market expectations. Downstream companies raised prices to grab grain, and upstream growers were reluctant to sell. , As of October 19, the domestic average price of corn was 2387 yuan/ton, up 5.74% month-on-month and 31.36% year-on-year. The price of corn starch rose from 2,220 yuan per ton at the beginning of this year to 2,900 yuan per ton this week, an increase of more than 30%. At the same time, the rapid rise has increased the market's risk of callback, but the price remains high. Recently, the price of raw materials has risen and it is difficult to purchase, and the cost pressure of downstream deep processing enterprises has increased greatly. They have followed up quickly and have raised their quotations.

 

Domestic pig production capacity continues to recover

 

Domestic demand is increasing. Recently, a spokesperson for the National Bureau of Statistics said that by the end of the third quarter, the number of live pigs was 37.39 million, a year-on-year increase of 20.7%; among them, the number of breeding sows was 38.22 million, an increase of 28.0%. The data released by the Feed Industry Association can also see the continuous recovery of pig production capacity. In September, the pig feed output was 8.61 million tons, an increase of 14.8% month-on-month and a year-on-year increase of 53.7%. In the past 9 months, the monthly pig feed output has increased month-on-month except for January and May; and it has increased year-on-year for 4 consecutive months since June. Demand in foreign regions was weak, the new crown epidemic in Europe and the United States rebounded twice, and the economy shrank again in the fourth quarter, forming a second dip.

 

To sum up: domestic demand is increasing, foreign demand is weak, the price of corn in the early stage is high, the export volume of amino acid is narrowing, some lysine and threonine companies are in a loss-making area, reducing the operating rate and destocking. The corn market soared in October. The amino acid and threonine production companies have difficulty in harvesting grain, the operating rate is low, the cost pressure is more prominent, the price attitude is strong, the market is supported by strong operation, follow-up needs to pay attention to the corn market and the changes in the operating rate of manufacturers.

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