Zusammenfassung
Inhaltsübersicht
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There are rapid changes in the lysine market. Quotations from factories were suspended for some period in Q4 2021. Surprisingly, actual demand is low, considering the fact that the supply of 98.5% L-Lysine HCL is tight. Archer Daniels Midland – a key producer of lysine in the U.S. – has stopped the production of dry lysine in 2021 and now offers the product only in a liquid version. Currently, almost the entire demand for dry lysine in the U.S. relies on imports, dominated by the Chinese market. The prices for lysine have nearly doubled in December 2021. In January the market prices will most likely drop down temporarily, as more stocks arrive at ports in the EU and USA. But with factories closing in China for the month of February due to the Olympics, and port closures in China due to the virus, we don’t expect prices to see much of a correction until the end of Q2.
With the target of limiting electricity usage and coal consumption from the execution of Dual Control and carbon emission control policies, production of threonine and lysine in all regions was largely interrupted, which has brought more inquiries and big price increase in Q4 2021 and early Q1 2022. Currently, the market is changing slowly, but the price and supply of threonine is stabilizing, although prices still remain high in January 2022. Shipments from China were delayed and stocks of Lysine and Threonine for prompt delivery in Europe are problematic. Prices have dropped down a little since last month but are still high compared to last year.
The situation of power cut has been severe in Jiangsu province, which has had an extensive impact on production. Some methionine manufacturers have communicated the messages of delivery delays for existing contracts to their clients. Recently, enthusiasm in the methionine market has declined, and dealers have been active in destocking. In recent weeks, both buyers and sellers of different products and scales were confused about the future market direction and had substantial divergence in opinion about 98.5% L-lysine HCL, 70% L-lysine sulfate, L-threonine and DL-methionine.
One of the major raw materials of choline chloride – TMA (trimethylamine) is continuously increasing, affecting the choline price up to 30%. Choline price has increased recently to a level above 2 EUR/kg. The market for choline chloride is expected to grow at a CAGR of 4.11% during the forecast period (2021-2026). The major factor driving the growth of the market is the increasing demand from the poultry industry. However, generally speaking, the price trend of other vitamin products is not promising, with prices of most products more likely going lower except for DL-calcium pantothenate and VK3.
The global citric acid market is powered by increasing demand across countries such as Germany, United Kingdom, Spain and Italy. Since few months, price has been increasing due to late deliveries from Chinese producers. At the moment, market shows signs of stabilization as new stocks arrived to the EU markets. Currently, there is no supply capacity from EU manufactures.
The supply chain for xanthan gum has recently been highly disrupted, not only because of logistic problems for goods imported from China, but also there is a big problem with ETO contamination for many batches that left production lines. It causes the constant price increase on the markets as the supply of “clean” product on the market is too small. According to the latest analysis, the global xanthan gum market size will reach USD 566.4 million by 2028 and register a revenue CAGR of 3.1% during the forecast period. The steady revenue growth in the global xanthan gum market can be attributed to the growing demand for xanthan as a substitute for gelatin.
Amino-acids
Lysine HCL
There are rapid changes in the lysine market. Quotations from factories were suspended for some period in Q4 2021. Surprisingly, actual demand is low, considering the fact that the supply of 98.5% L-Lysine HCL is tight. Archer Daniels Midland – a key producer of lysine in the U.S. – has stopped the production of dry lysine in 2021 and now offers the product only in a liquid version. Currently, almost the entire demand for dry lysine in the U.S. relies on imports, dominated by the Chinese market. The prices for lysine have nearly doubled in December 2021. In January the market prices will most likely drop down temporarily, as more stocks arrive at ports in the EU and USA. But with factories closing in China for the month of February due to the Olympics, and port closures in China due to the virus, we don’t expect prices to see much of a correction until the end of Q2.
Threonine
With the target of limiting electricity usage and coal consumption from the execution of Dual Control and carbon emission control policies, production of threonine and lysine in all regions was largely interrupted, which has brought more inquiries and big price increase in Q4 2021 and early Q1 2022. Currently, the market is changing slowly, but the price and supply of threonine is stabilizing, although prices still remain high in January 2022. Shipments from China were delayed and stocks of Lysine and Threonine for prompt delivery in Europe are problematic. Prices have dropped down a little since last month but are still high compared to last year.
Methionine
The situation of power cut has been severe in Jiangsu province, which has had an extensive impact on production. Some methionine manufacturers have communicated the messages of delivery delays for existing contracts to their clients. Recently, enthusiasm in the methionine market has declined, and dealers have been active in destocking. In recent weeks, both buyers and sellers of different products and scales were confused about the future market direction and had substantial divergence in opinion about 98.5% L-lysine HCL, 70% L-lysine sulfate, L-threonine and DL-methionine.
Vitamins
Choline chloride
One of the major raw materials of choline chloride – TMA (trimethylamine) is continuously increasing, affecting the choline price up to 30%. Choline price has increased recently to a level above 2 EUR/kg. The market for choline chloride is expected to grow at a CAGR of 4.11% during the forecast period (2021-2026). The major factor driving the growth of the market is the increasing demand from the poultry industry. However, generally speaking, the price trend of other vitamin products is not promising, with prices of most products more likely going lower except for DL-calcium pantothenate and VK3.
Others
Citric acid
The global citric acid market is powered by increasing demand across countries such as Germany, United Kingdom, Spain and Italy. Since few months, price has been increasing due to late deliveries from Chinese producers. At the moment, market shows signs of stabilization as new stocks arrived to the EU markets. Currently, there is no supply capacity from EU manufactures.
Xanthan gum
The supply chain for xanthan gum has recently been highly disrupted, not only because of logistic problems for goods imported from China, but also there is a big problem with ETO contamination for many batches that left production lines. It causes the constant price increase on the markets as the supply of “clean” product on the market is too small. According to the latest analysis, the global xanthan gum market size will reach USD 566.4 million by 2028 and register a revenue CAGR of 3.1% during the forecast period. The steady revenue growth in the global xanthan gum market can be attributed to the growing demand for xanthan as a substitute for gelatin.
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