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Livestock & Feed Market

February 20, 2019
 
China Methionine Weekly: Market shows no signs of recovering (week ended Feb 18, 2019)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
                             
Price quotes of imported dl-methionine dipped to the range of RMB17.50-18.30/kg, dipping RMB0.30-1.10/kg.
 
For liquid methionine*, price quotes stayed flat at RMB15/kg.
                   

Weekly prices of dl-methionine in China

Area

Jan 22 - Jan 28
(RMB/kg)

Jan 29 - Feb 18
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

18.80

17.70

-1.10

Chengdu

18.50

18.20

-0.30

Jinan

18.00

18.00

0.00

Nanjing

17.80

17.50

-0.30

Shijiazhuang

17.80

17.50

-0.30

Zhengzhou

18.50

18.30

-0.30

Shenyang

19.00

18.30

-0.70

Beijing

18.80

18.30

-0.50

              

Weekly transacted prices of liquid methionine* in China

Area

Jan 22 - Jan 28
(RMB/kg)

Jan 29 - Feb 18
(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$0.1478 (Feb 20)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Methionine market was quiet after the Chinese New Year holidays, as most producers have stocked ample inventories before the festive break. Moreover, with poultry prices staying weak, feed producers were inclined to keep production low hence curtailing the usages of methionine.
 
In Europe, prices of Q3 delivery China-produced methionine softened to EUR2.07/kg.
 
 
Market forecast
 
Methionine demand is unlikely to improve in the near term as poultry prices remain low. Producers, who are fighting hard for market shares and reluctant to cut output, will keep prices attractive to buyers.
 

 

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