Eight key words for the lysine market in 2018.

OA_show ('533');I, market low running MRd2018 year-on-year lysine market is running in the low range, of which 98 content lysine at the lowest point of 7.2 yuan / kg, the highest point is 8.8 yuan / kg, 70 content lysine low is 4.2 yuan / kg, the high point is 5.5 yuan / kgIn May-July 2018, the market price of lysine bottomed out, and in August-November, the market rebounded as a result of the gradual increase in prices of cornWith corn on the rise, prices falling and lysine new capacity released, since late November, the lysine market has weakened again, price sourcingMRd MRdII, production capacity continued to expand MRd2018 global feeding lysine production capacity of 4.815 million tons, domestic lysine manufacturers capacity of 3.31 million tons, up 54% YoY, the expansion of production capacity of more than 1 million tons, the global total capacity of up to 70%, up 10% YoYUnder the overcapacity, the overall equipment utilization rate of Lysine manufacturers in China will remain at about 50% in 2018After the expansion, the proportion of domestic manufacturers' production capacity changed in 2018, with Yipin leaping to the first place with 21% of the production capacity, followed by plum blossoms, with production capacity accounting for up to 20%, and Dentons production capacity falling to third placeMRd from the province, Heilongjiang Province lysine production capacity increased significantly, Shandong Province capacity growth is also more obviousMore than one million tons of expansion capacity in the fourth quarter of 2018 gradually released, such as Fengyuan 150,000 tons of production capacity, Dongxiao 120,000 tons of production capacity, 100,000 tons of production capacity, in addition to gold corn 200,000 tons, 300,000 tons of Iegan, plum 400,000 tons of expansion capacity is scheduled to be put into trial production at the end of the fourth quarter of 2018 or early 2019Dentons plans to relocate 100,000 tons of lysine capacity to the Xinglongshan plant from March 2019 to February 2020MRd MRdIII, export san, export growth MRdwith the increase of domestic lysine production capacity, China's export volume of lysine began to exceed imports in 2005, since 2010 lysine anoinitamate export volume exceeded lysine sulfate, accounting for more than half of the global lysine market, the main production area of the global lysine marketIn 2015, Dentons' export volume dropped sharply to 29,000 tons, the annual export volume increased only limited, in 2016 and 2017 China's lysine export volume returned to high growth, the rise of the Russian local lysine enterprises in the last two years, since 2017 Beginning on September 20, the Veterinary and Phytosanitary Supervision Office of the Russian Federation decided to ban the import of lysine from six Chinese lysine plants, including Meihua (Tongliao, Xinjiang, Langfang), Iipin (Ningxia, Inner Mongolia), and gold corn, mainly because of the failure to agree on factory inspection MRd 2018 China's lysine products exports to Russia very little, from the previous year 560,000 tons of exports to this year's 4,500 tons, in 2018 China's exports to the country's largest country from Russia to the Netherlands Affected by global feed growth, low production costs of domestic enterprises, and policies such as the increase in domestic export tax rebate rates and belt and road, China's export volume of lysine products continued to grow in 2018, and the total export volume of lysine (98 content) is expected to reach about 590,000 tons in 2018, of which the domestic lysine tax number 29224190 lysine salt and ester export volume is about 400,000 tons MRd MRd 4, low-protein diet standard MRd 2018 Sino-US trade war, in July, the United States formally implemented punitive tariffs on Chinese exports to the United States, as a response, China imposed 25% tariffon on U.S soybeans and other agricultural products, domestic lack of bean expectations, soybean meal prices skyrocketed, and domestic environmental pressure dependent In this context, on October 23, 2018, the China Feed Industry Association issued two group standards, "Piglets, Growing Fatten Editing Pigs With Feed", "Egg and Chicken With Feed", which will be implemented from November 1, 2018 In general, MRd lowered the lower limit on the proportion of crude protein in feed, and added a cap, which was not originally According to the estimates of the Ministry of Agriculture and Rural Affairs, the average protein level of pigs with feed decreased by 1.5 percentage points, while that of eggs and chickens decreased by about 1 percentage point with feed protein If the new standard is fully implemented throughout the industry, the annual consumption of soybean meal in the aquaculture industry is expected to decrease by about 11 million tons, which will help promote the growth of amino acid consumption However, in early December, China and the United States agreed to a cease-fire in the fierce trade war, and said that from January 1, 2019 will not raise tariffs, China restarts U.S soybean procurement, soybean prices fell sharply, the outcome of substantive negotiations between China and the United States until February 2019 is still uncertain, followed by the need to continue to pay attention to the trend of the Sino-US trade war and the implementation of new standards MRd V, corn prices MRd under the influence of reduced planting area, decline in imported substitutes, exports of corn deep-processed products, double capacity, and the large expansion of biofuel ethanol projects, In 2018, China's corn demand increased, de-stocking effect is significant, lin's corn auction volume of more than 100 million tons, an increase of 43.09 million tons, domestic corn supply and demand from the surplus to tight, price volatility upward, since August corn prices, lysine market affected by the cost of the subsequent rise, in December 2018 new corn gradually on the volume, price phase down, lysine market weakening MRd MRd 6, deep processing subsidies reduced MRd compared to last year's Heilongjiang Province 300 yuan per ton of subsidies, Jilin Province 200 yuan per ton of subsidies, this year Heilongjiang, Jilin corn deep processing enterprises and feed enterprises processing new corn subsidies reduced by half, and the subsidy time from last year's 5 months to this year's 1 and a half months Lysine prices are low, costs are rising, government subsidies are falling, and lysine profits are compressed MRd 2018 Heilongjiang Province for the annual processing capacity of more than 100,000 tons of corn deep processing enterprises and production of 50,000 tons of cooperative feed enterprises, the actual acquisition and consumption of new corn production in the province, each ton to give 150 yuan of acquisition subsidies The subsidy is available from March 23 to April 30, 2018 and will be processed by June 30 MRd 2018 Jilin Province for the annual processing capacity of more than 100,000 tons of corn deep processing enterprises and with feed enterprises, the actual acquisition and consumption of new corn production in the province, each ton to give 100 yuan of acquisition subsidies The subsidy is available for purchase from 15 March 2018 to 30 April 2018 and will be processed by 30 June 2018 MRd 7, export tax rebate rate increaseMRd September 5, 2018 China's Ministry of Finance, The General Administration of Taxation issued a notice on improving the export tax rebate rate of mechanical and electrical, cultural and other products, implemented on September 15, of which the coding 29224190 lysine ester and lysine salt products export tax rebate rate increased to 13% After the export tax rebate rate is raised, enterprises can get more tax rebates relativetoly, promoting the export of lysine enterprises MRd 8, swine fever outbreak ravaged MRd early August 2018, Liaoning Shenyang confirmed China's first african swine fever outbreak, the outbreak has continued to the present, and has been involved in 23 provinces and cities, as of the end of December, China's African swine fever outbreak has occurred 9 8 cases, about 630,000 infected pigs were culled, neighboring 11 provinces suspended cross-provincial transfer, pig transfer volume dropped significantly, causing the production area of pig sales, sow elimination increased, pig let-up column light, pig production sales decline and a series of chain reactions The lysine in the pig material as the first restrictive amino acid, lysine and pig production demand is closely related, the amount of pig material consumption is relatively large, swine fever epidemic caused the domestic demand of lysine in the fourth quarter of 2018 decreased MRd OA_show ('533'); 1 Market low running MRd the lysine market for the whole year 2018 is running in the low range, of which 98 content lysine is at the lowest point of 7.2 yuan / kg, the highest point is 8.8 yuan / kg, 70 content lysine low is 4.2 yuan / kg, the high point is 5.5 yuan / kg In May-July 2018, the market price of lysine bottomed out, and in August-November, the market rebounded as a result of the gradual increase in prices of corn With corn on the rise, prices falling and lysine new capacity released, since late November, the lysine market has weakened again, price sourcing MRd MRd II, production capacity continued to expand MRd 2018 global feeding lysine production capacity of 4.815 million tons, domestic lysine manufacturers capacity of 3.31 million tons, up 54% YoY, the expansion of production capacity of more than 1 million tons, the global total capacity of up to 70%, up 10% YoY Under the overcapacity, the overall equipment utilization rate of Lysine manufacturers in China will remain at about 50% in 2018 After the expansion, the proportion of domestic manufacturers' production capacity changed in 2018, with Yipin leaping to the first place with 21% of the production capacity, followed by plum blossoms, with production capacity accounting for up to 20%, and Dentons production capacity falling to third place MRd from the province, Heilongjiang Province lysine production capacity increased significantly, Shandong Province capacity growth is also more obvious More than one million tons of expansion capacity in the fourth quarter of 2018 gradually released, such as Fengyuan 150,000 tons of production capacity, Dongxiao 120,000 tons of production capacity, 100,000 tons of production capacity, in addition to gold corn 200,000 tons, 300,000 tons of Iegan, plum 400,000 tons of expansion capacity is scheduled to be put into trial production at the end of the fourth quarter of 2018 or early 2019 Dentons plans to relocate 100,000 tons of lysine capacity to the Xinglongshan plant from March 2019 to February 2020 MRd MRd III, export san, export growth MRd with the increase of domestic lysine production capacity, China's export volume of lysine began to exceed imports in 2005, since 2010 lysine anoinitamate export volume exceeded lysine sulfate, accounting for more than half of the global lysine market, the main production area of the global lysine market In 2015, Dentons' export volume dropped sharply to 29,000 tons, the annual export volume increased only limited, in 2016 and 2017 China's lysine export volume returned to high growth, the rise of the Russian local lysine enterprises in the last two years, since 2017 Beginning on September 20, the Veterinary and Phytosanitary Supervision Office of the Russian Federation decided to ban the import of lysine from six Chinese lysine plants, including Meihua (Tongliao, Xinjiang, Langfang), Iipin (Ningxia, Inner Mongolia), and gold corn, mainly because of the failure to agree on factory inspection MRd 2018 China's lysine products exports to Russia very little, from the previous year 560,000 tons of exports to this year's 4,500 tons, in 2018 China's exports to the country's largest country from Russia to the Netherlands Affected by global feed growth, low production costs of domestic enterprises, and policies such as the increase in domestic export tax rebate rates and belt and road, China's export volume of lysine products continued to grow in 2018, and the total export volume of lysine (98 content) is expected to reach about 590,000 tons in 2018, of which the domestic lysine tax number 29224190 lysine salt and ester export volume is about 400,000 tons MRd MRd 4, low-protein diet standard MRd 2018 Sino-US trade war, in July, the United States formally implemented punitive tariffs on Chinese exports to the United States, as a response, China imposed 25% tariffon on U.S soybeans and other agricultural products, domestic lack of bean expectations, soybean meal prices skyrocketed, and domestic environmental pressure dependent In this context, on October 23, 2018, the China Feed Industry Association issued two group standards, "Piglets, Growing Fatten Editing Pigs With Feed", "Egg and Chicken With Feed", which will be implemented from November 1, 2018 In general, MRd lowered the lower limit on the proportion of crude protein in feed, and added a cap, which was not originally According to the estimates of the Ministry of Agriculture and Rural Affairs, the average protein level of pigs with feed decreased by 1.5 percentage points, while that of eggs and chickens decreased by about 1 percentage point with feed protein If the new standard is fully implemented throughout the industry, the annual consumption of soybean meal in the aquaculture industry is expected to decrease by about 11 million tons, which will help promote the growth of amino acid consumption However, in early December, China and the United States agreed to a cease-fire in the fierce trade war, and said that from January 1, 2019 will not raise tariffs, China restarts U.S soybean procurement, soybean prices fell sharply, the outcome of substantive negotiations between China and the United States until February 2019 is still uncertain, followed by the need to continue to pay attention to the trend of the Sino-US trade war and the implementation of new standards MRd V, corn prices MRd under the influence of reduced planting area, decline in imported substitutes, exports of corn deep-processed products, double capacity, and the large expansion of biofuel ethanol projects, In 2018, China's corn demand increased, de-stocking effect is significant, lin's corn auction volume of more than 100 million tons, an increase of 43.09 million tons, domestic corn supply and demand from the surplus to tight, price volatility upward, since August corn prices, lysine market affected by the cost of the subsequent rise, in December 2018 new corn gradually on the volume, price phase down, lysine market weakening MRd MRd 6, deep processing subsidies reduced MRd compared to last year's Heilongjiang Province 300 yuan per ton of subsidies, Jilin Province 200 yuan per ton of subsidies, this year Heilongjiang, Jilin corn deep processing enterprises and feed enterprises processing new corn subsidies reduced by half, and the subsidy time from last year's 5 months to this year's 1 and a half months Lysine prices are low, costs are rising, government subsidies are falling, and lysine profits are compressed MRd 2018 Heilongjiang Province for the annual processing capacity of more than 100,000 tons of corn deep processing enterprises and production of 50,000 tons of cooperative feed enterprises, the actual acquisition and consumption of new corn production in the province, each ton to give 150 yuan of acquisition subsidies The subsidy is available from March 23 to April 30, 2018 and will be processed by June 30 MRd 2018 Jilin Province for the annual processing capacity of more than 100,000 tons of corn deep processing enterprises and with feed enterprises, the actual acquisition and consumption of new corn production in the province, each ton to give 100 yuan of acquisition subsidies The subsidy is available for purchase from 15 March 2018 to 30 April 2018 and will be processed by 30 June 2018 MRd 7, export tax rebate rate increaseMRd September 5, 2018 China's Ministry of Finance, The General Administration of Taxation issued a notice on improving the export tax rebate rate of mechanical and electrical, cultural and other products, implemented on September 15, of which the coding 29224190 lysine ester and lysine salt products export tax rebate rate increased to 13% After the export tax rebate rate is raised, enterprises can get more tax rebates relativetoly, promoting the export of lysine enterprises MRd 8, swine fever outbreak swine fever epidemic ravaged MRd in early August 2018, Liaoning Shenyang confirmed China's first african swine fever outbreak, the outbreak has continued to occur, and has been involved in 23 provinces and cities, as of December.