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January 18, 2017


China Methionine Weekly: Dwindling feed output decimates sales (week ended Jan 17, 2017)


An eFeedLink Exclusive

  


Price summary


Prices stayed soft.


Price quotes of imported dl-methionine fell to the range of RMB25-25.50/kg, down by RMB0.20-0.30/kg.


For liquid methionine*, price quotes were unchanged at RMB21-23/kg.

 

Weekly prices of dl-methionine in China

Area

Jan 4 - Jan 9
(RMB/kg)

Jan 4 - Jan 17
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

25.80

25.50

-0.30

Chengdu

25.80

25.50

-0.30

Jinan

25.20

25.00

-0.20

Nanjing

25.50

25.30

-0.20

Shijiazhuang

25.50

25.20

0.00

Zhengzhou

25.30

25.30

0.00

Shenyang

25.50

25.20

-0.30

Beijing

25.50

25.20

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Jan 4 - Jan 9
(RMB/kg)

Jan 4 - Jan 17
(RMB/kg)

Price change
(RMB/kg)

North

21.00

21.00

0.00

Central

23.00

23.00

0.00

South

23.00

23.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1456 (Jan 18) 


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

 

  
Market analysis


Sales of broiler remained weak due to the H7N9 bird flu scare. Several feed millers, who were preparing for the long hiatus during early February, cut output while demand was unimpressive. Hence, even as distributors negotiated prices in efforts to stimulate buying, trade remained light in methionine market.


In Europe, prices of methionine for 2017 Q1 deliveries remained flat in the range of EUR2.40-2.50/kg.

 


Market forecast


Demand for methionine is unlikely to pick up in the coming days as more feed producers halt production. Anticipating feed sales to be weak after the Chinese New Year holidays, they will not be motivated to stock high inventories as well. Methionine prices are projected to consolidate around RMB25/kg amid sluggish demand.
 

 


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