For the Quarter Ending September 2022
The prices of L-Lysine Hydrochloride witnessed a decremented trend throughout the third quarter of 2022, backed by weakened downstream demand in the domestic market. Furthermore, L-Lysine Hydrochloride's imports into the US were primarily affected by China's zero covid policy. They worsened climatic conditions such as heatwaves, droughts, and flash floods in the first half of q3, which halted the trading momentum, positively supporting the market trend of L-Lysine Hydrochloride in the United States. Additionally, declining trends were observed during h2 and h3 of the third quarter. Moreover, towards the termination of Q3, the prices for L-Lysine Hydrochloride showcased were assessed at USD 3768/MT CFR New York.
In the APAC region, the prices of L-Lysine Hydrochloride witnessed a declining price trajectory during the third quarter of 2022. This price trend was supported by weak demand and sufficient inventories with the domestic market participants. In India, the prices went higher by 2.06 percent during the first half of q3. At the same time, the price demonstrated dulled market sentiments in China, which was majorly due to higher inventories and no demand from the downstream sector, along with the worsened climatic conditions, which resulted in drought, heatwaves, etc. Moreover, the prices dropped significantly in both the countries of the APAC region towards the end of h1 till September. However, in India, it is anticipated that the prices of L-Lysine Hydrochloride might incline in the upcoming quarter. With this, the price for L-Lysine Hydrochloride was assessed at USD 2130/MT FOB Shanghai in China.
The European market mimics a similar price trajectory as the North American region during the third Quarter of 2022 in Germany, backed by unbalanced downstream demand from end-user sectors. Additionally, weakened buying activities significantly supported the decremented price trend of L-Lysine Hydrochloride in the regional market. The reduced downstream direction from the customer's side led to the stockpiling of stocks of L-Lysine Hydrochloride with the manufacturers. Besides that, a decrease in trading activities, the Russian-Ukraine war, and stockpiled cargoes negatively impacted the pricing trend of L-Lysine Hydrochloride. Furthermore, towards the end of q3, the prices displayed for L-Lysine Hydrochloride were settled at USD 3240/MT CFR Hamburg in Germany.