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February 27, 2012
 
China Methionine Weekly: Sellers negotiate prices (week ended Feb 26, 2012)
 
An eFeedLink Exclusive
                 
         
Price summary
 
Prices moved lower.
 
Quotes for imported dl-methionine by the largest producer were at RMB36.50-37.00/kg, while average transacted prices (delivered-to-feed-mill) slid to RMB36-36.70/kg. Meanwhile, prices of locally-produced methionine remained in the range of RMB34.50-34.80/kg.
 
Liquid methionine* quotes in the general market stayed at RMB26.50-27.50/kg.
 

Weekly transacted prices of dl-methionine in China

Area

Week 7
Feb 13 - Feb 19 
(RMB/kg)

Week 8
Feb 20 - Feb 26 
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

36.50

36.40

-0.10

Chengdu

36.50

36.40

-0.10

Jinan

36.20

36.20

0.00

Nanjing

36.50

36.40

-0.10

Shijiazhuang

36.50

36.50

0.00

Zhengzhou

36.30

36.20

-0.10

Shenyang

36.60

36.60

0.00

Beijing

36.40

36.40

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.

       

Weekly transacted prices of liquid methionine* in China

Area

Week 7
Feb 13 - Feb 19 
(RMB/kg)

Week 8
Feb 20 - Feb 26 
(RMB/kg)

Price change
(RMB/kg)

North

26.70

27.00

0.30

Central

26.90

27.20

0.30

South

26.60

27.00

0.40

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1587 (Feb 27)

        
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
          
          
Global markets
 
In Europe, quotes for Q2 orders reduced to EUR3.20-3.25/kg, while major customers reported clinching deals as low as EUR3.20/kg for long term contracts.
 
 
Market analysis
 
Traders were more willing to negotiate prices as importing costs dropped while demand remained slow in China.
 
 
Market forecast
 
Demand will stay light amid slow livestock inventory growths, hence limiting the sales of methionine.
 

 


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