January 2, 2019
Soft demand, ample supply drag down China methionine prices
Prices of methionine dropped further during the week ending December 31.
Usages of methionine were slow, decimating sales despite pre-New Year stockpiling. Moreover, supplies of methionine were ample, exerting pressure on local producers and traders to cut prices while imported product distributors lowered price quotes.
For liquid methionine, price quotes remained stable at RMB15/kg.
RMB1=US$0.1459 (Jan 2)
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