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January 30, 2019
 
China Methionine Weekly: Poor demand drags down prices (week ended Jan 28, 2019)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices continued to weaken.
                             
Price quotes of imported dl-methionine slid to the range of RMB17.80-19/kg, dipping RMB0.20-0.70/kg.
 
For liquid methionine*, price quotes were at RMB15/kg.
         

Weekly prices of dl-methionine in China

Area

Jan 15 - Jan 21
(RMB/kg)

Jan 22 - Jan 28
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

19.50

18.80

-0.70

Chengdu

18.80

18.50

-0.30

Jinan

18.50

18.00

-0.50

Nanjing

18.00

17.80

-0.20

Shijiazhuang

18.00

17.80

-0.20

Zhengzhou

19.00

18.50

-0.50

Shenyang

19.50

19.00

-0.50

Beijing

19.00

18.80

-0.20

                        

Weekly transacted prices of liquid methionine* in China

Area

Jan 15 - Jan 21
(RMB/kg)

Jan 22 - Jan 28
(RMB/kg)

Price change
(RMB/kg)

North

15.00

15.00

0.00

Central

15.00

15.00

0.00

South

15.00

15.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1489 (Jan 30)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Even with the Chinese New Year holidays approaching, demand for methionine failed to improve. Methionine sellers lowered prices further in efforts to entice buyers whose confidence were dampened by the tumbling poultry products prices.
 
In Europe, prices of China-produced methionine stayed in the range of EUR2.09-2.12/kg.
 
 
Market forecast
 
Sales of methionine are expected to dwindle as feed producers gradually halt operation with the Chinese New Year approaching. Prices are seen soft amid light trade.
 

 


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