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Market Reports

January 8, 2018

China Methionine Weekly: Price cuts fail to stimulate demand (week ended Jan 8, 2018)

An eFeedLink Exclusive
 

Price summary

Prices were unchanged.

Price quotes of imported dl-methionine stayed in the range of RMB21.50-22.50/kg.

For liquid methionine*, price quotes were weaker at RMB16.80-118/kg.
 

Weekly prices of dl-methionine in China

Area

Dec 26 - Jan 2
(RMB/kg)

Jan 3 - Jan 8
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

22.50

22.50

0.00

Chengdu

22.50

22.50

0.00

Jinan

22.00

22.00

0.00

Nanjing

21.50

21.50

0.00

Shijiazhuang

22.00

22.00

0.00

Zhengzhou

21.50

21.50

0.00

Shenyang

22.00

22.00

0.00

Beijing

22.00

22.00

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Dec 26 - Jan 2
(RMB/kg)

Jan 3 - Jan 8
(RMB/kg)

Price change
(RMB/kg)

North

18.00

16.80

-1.20

Central

18.00

18.00

0.00

South

18.50

18.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1540 (Jan 8)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 

Market analysis

Despite the recent price cuts, demand for methionine showed little improvement as feed millers were reluctant to increase stockpiles. Distributors and producers held prices unchanged, however, amid paltry profits.

In Europe, prices of China-produced methionine remained in the range of EUR2.45-2.53/kg.
 

Market forecast

Export demand for Chinese methionine is poised to weaken as renminbi has appreciated prominently of late. This, in conjunction with slack domestic demand, will compel methionine sellers to hold down prices in the near term.
 

 


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