European Amino Acid Market Dynamics for Week 4

98.5% lysine: European end-users said that the current price of lysine saline stable, the weak euro coupled with China's lysine market more stable and other underlying factors are affecting the current European market spot pricesThe western supply offer from the manufacturer is at RMB11.42-11.92/kg (EUR 1.36-1.42) and there are individual prices ranging from RMB11.25-11.37/kg (EUR 1.34-1.35 euros), which is delivered after tax, but this is the price received by key customers when negotiating an order contractTraders' prices for Western sources are slightly lower than the above-mentioned price range, but with relatively few volumesThe vast majority of end-users said they had sufficient inventory in the first quarter and not in the second quarterdaM
DL methionine: European market turnover is small, tightMost of Europe's large and medium-sized customers already stock up recently, and some customers who are used to purchasing from distributors say they need to purchase additional inventory in February and MarchThe trading price range in the distribution market is 39.47-48.28 yuan/kg (4.70-5.75 euros)There have also been individual cases of distributors eager to go to stock with prices below 37.79 yuan/kg (4.50 euros)The manufacturer said it had sold out of the first quarterMost users are not stocked for the second quarter and have no recent record of second-quarter dealsAlthough the initial price suggests around 35.69 yuan/kg (4.25 euros)Market supply is improving, and most large users expressed the hope that the normal supply and demand balance will be achieved in the second quarter of 2015daM
Susine: Chinese suppliers continue to reduce the price of susine, from end users, the current immediate delivery price of 19.99-20.99 yuan / kg (2.38-2.50 euros) The forward prices in March and April were also weak, with a price range of 17.63-19.31 yuan/kg (2.10-2.30 euros) and after-tax delivery Chinese producers continue to compete fiercely for their market share, with many large end-users saying they are stabilising their second-quarter after-tax delivery prices to be low below 16.79 yuan/kg (2 euros) daM
　　Tryptophan: The European spot market is in a slight decline, with end-users saying there is now a western producer with more flexibility in pricing The latest large-scale Western source's spot price range is 134.36-146.95 yuan/kg (16.0-17.5 euros) Some of the larger customers said the price was RMB131.00-132.68/kg (EUR 15.6-15.8) Forward Chinese supplies are weaker than before, with at least one Chinese producer currently offering lower forward shipping prices than the current spot price son in the European market daM Currencies/exchange rate 3 weeks 4 weeks eur RMB 7.2881 7.1771 against the RMB 6.19697 6.21446 daM 98.5% lysine: European end-users said that the current price of lysine salt acid is stable, the euro plus China's lysine market more stable and other basic factors affect the current European market price The western supply offer from the manufacturer is at RMB11.42-11.92/kg (EUR 1.36-1.42) and there are individual prices ranging from RMB11.25-11.37/kg (EUR 1.34-1.35 euros), which is delivered after tax, but this is the price received by key customers when negotiating an order contract Traders' prices for Western sources are slightly lower than the above-mentioned price range, but with relatively few volumes The vast majority of end-users said they had sufficient inventory in the first quarter and not in the second quarter daM
　　DL methionine: European market turnover is small, tight Most of Europe's large and medium-sized customers already stock up recently, and some customers who are used to purchasing from distributors say they need to purchase additional inventory in February and March The trading price range in the distribution market is 39.47-48.28 yuan/kg (4.70-5.75 euros) There have also been individual cases of distributors eager to go to stock with prices below 37.79 yuan/kg (4.50 euros) The manufacturer said it had sold out of the first quarter Most users are not stocked for the second quarter and have no recent record of second-quarter deals Although the initial price suggests around 35.69 yuan/kg (4.25 euros) Market supply is improving, and most large users expressed the hope that the normal supply and demand balance will be achieved in the second quarter of 2015 daM
　　Susine: Chinese suppliers continue to reduce the price of susine, from end users, the current immediate delivery price of 19.99-20.99 yuan / kg (2.38-2.50 euros) The forward prices in March and April were also weak, with a price range of 17.63-19.31 yuan/kg (2.10-2.30 euros) and after-tax delivery Chinese producers continue to compete fiercely for their market share, with many large end-users saying they are stabilising their second-quarter after-tax delivery prices to be low below 16.79 yuan/kg (2 euros) daM
　　Tryptophan: The European spot market is in a slight decline, with end-users saying there is now a western producer with more flexibility in pricing The latest large-scale Western source's spot price range is 134.36-146.95 yuan/kg (16.0-17.5 euros) Some of the larger customers said the price was RMB131.00-132.68/kg (EUR 15.6-15.8) Forward Chinese supplies are weaker than before, with at least one Chinese producer currently offering lower forward shipping prices than the current spot price son in the European market daM Currencies/Exchange Rate 3-Week 4-Week Eur/EUR 7.2881 7.1771 USD 6.19697 6.21446 daM shared to Feed