The latest situation of vitamin B1, lysine and global ocean freight price

2022-10-01

1）At present, the domestic market price of vitamin B1 is stable, and the export price is affected by the exchange rate quickly, and the US dollar price has declined slightly; Up to now, the domestic quotation in China is RMB 125-130/KG, and the FOB quotation for export is USD 16.5-18/KG; At present, whether in the export or domestic market, the price of vitamin B1 has entered a new low. In addition to the pressure on the cost of raw materials, users can consider increasing the reserve inventory appropriately.

2）CJ announced a rise in the price of lysine in North America, with an increase of $250 per ton. Recently, domestic lysine plants have also successively raised the price, with more market inquiries, strong willingness of manufacturers to support the price, and warmer terminal demand. The export price of domestic plants is quoted at USD1.25-1.27/KG, and the domestic price is quoted at CNY9.6-9.8/KG. It is expected that the market will be stronger in the future, and the factory inventory and transaction situation will be concerned.
Update of the overall planning progress of Xinhe Methionine Project: the production capacity of Xinhe Solid Methionine is planned to be 300000 tons/year, and the existing annual production capacity is 150000 tons for normal production and sales. The construction of the other 150000 tons of production plants is planned to be orderly promoted, and it is expected that the construction will be completed in June 2023; Xinhecheng and Ningbo Zhenhai Refining and Chemical Co., Ltd. jointly invest in the liquid methionine project. Based on their optimism about the future market of methionine products and their advantages in technology and resources, the project is currently in the process of negotiation and negotiation on cooperation details.

3）Recently, the ocean shipping price is rapidly declining, which seems to indicate that the "era of huge profits" of ocean shipping is coming to an end. On September 27, Freightos Baltic Container Freight Index (FBX) showed that the global container freight rate was 4085 USD/FEU