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China

January 18, 2018
 
China Methionine Weekly: Subdued demand holds down prices (week ended Jan 15, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed soft.
                  
Price quotes of imported dl-methionine were unchanged in the range of RMB21.50-22.50/kg.
 
For liquid methionine*, price quotes were lower at RMB16.80-17/kg.
 

Weekly prices of dl-methionine in China

Area

Jan 3 - Jan 8
(RMB/kg)

Jan 9 - Jan 15
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

22.50

22.50

0.00

Chengdu

22.50

22.50

0.00

Jinan

22.00

21.50

-0.50

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

Jan 3 - Jan 8
(RMB/kg)

Jan 9 - Jan 15
(RMB/kg)

Price change
(RMB/kg)

North

18.00

16.80

0.00

Central

16.80

17.00

-1.00

South

18.00

17.00

-1.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1557 (Jan 18)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
A weak broiler market dampened the confidence of feed producers, who limited output for the sector. Consequently, sales of methionine softened putting a lid on the prices. Traders were willing to negotiate prices on a cases-by-case basis.
 
In Europe, prices of China-produced methionine were stable in the range of EUR2.45-2.55/kg.
 
 
Market forecast
 
China's methionine prices are likely to move lower with domestic sales sluggish and export demand impeded by a strong renminbi. Producers will be under pressure to clear stocks as inventories mount.
 

 


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