January 2, 2018
China methionine market ends 2017 on a weak note
Prices of methionine moved lower during the week ending January 2.
Demand for methionine was weak during the last week of December, as most feed producers limited output in anticipation of slow sales during the holiday period.
Meanwhile, sluggish export demand, in conjunction with high exports, resulted in mounting inventories of methionine producers and traders. To clear stocks, methionine sellers cut prices during the period in review.
Price quotes of imported dl-methionine were lower in the range of RMB21.50-22.50/kg, down by RMb0-1/kg.
RMB1=US$0.1533 (Jan 2)
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