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January 25, 2017
 
China Methionine Weekly: Prices stable despite light trade (week ended Jan 24, 2017)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were stable.
                      
Price quotes of imported dl-methionine stayed in the range of RMB25-25.50/kg.
 
For liquid methionine*, price quotes remained at RMB21-23/kg.
 

Weekly prices of dl-methionine in China

Area

Jan 10 – Jan 17
(RMB/kg)

Jan 18 – Jan 24
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

25.50

25.50

0.00

Chengdu

25.50

25.50

0.00

Jinan

25.00

25.00

0.00

Nanjing

25.30

25.30

0.00

Shijiazhuang

25.20

25.20

0.00

Zhengzhou

25.30

25.00

-0.30

Shenyang

25.20

25.20

0.00

Beijing

25.20

25.20

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Jan 10 – Jan 17
(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$0.1459 (Jan 25) 

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Methionine sales were light as poultry feed demand remained low due to the bird flu epidemic. Moreover, several feed millers have halted operation in preparation for the celebration of Chinese New Year. Knowing that sales are unlikely to increase significantly, traders and distributors held prices stable.
 
In Europe, prices of methionine for 2017 Q1 deliveries stayed unchanged in the range of EUR2.40-2.50/kg.
 
 
Market forecast
 
Methionine demand is expected to remain sluggish after the Chinese New Year holidays, partly due to diminished animal inventories and partly the result of poor performance of the poultry market under the threat of the bird flu epidemic. Prices are seen weaker in the coming period.
 
 

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