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March 5, 2018
 
China Methionine Weekly: Weak poultry market curtails methionine demand (week ended Mar 5, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
                  
Price quotes of imported dl-methionine fell to the range of RMB19.80-20.50/kg, lower by RMB0.20-0.70/kg.
 
For liquid methionine*, price quotes stayed at RMB16-17/kg.
                                 

Weekly prices of dl-methionine in China

Area

Feb 13 - Feb 26
(RMB/kg)

Feb 27 - Mar 5
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

20.50

20.30

-0.20

Chengdu

20.80

20.50

-0.30

Jinan

20.50

19.80

-0.70

Nanjing

20.50

20.00

-0.50

Shijiazhuang

20.50

20.00

-0.50

Zhengzhou

20.20

20.00

-0.20

Shenyang

20.50

20.20

-0.30

Beijing

20.50

20.00

-0.50

 

Weekly transacted prices of liquid methionine* in China

Area

Feb 13 - Feb 26
(RMB/kg)

Feb 27 - Mar 5
(RMB/kg)

Price change
(RMB/kg)

North

16.00

16.00

0.00

Central

17.00

17.00

0.00

South

17.00

17.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1578 (Mar 5)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Sales of methionine remained weak as feed producers held back purchases while the poultry market performed poorly. One major producer cut price quotes to as low as RMB19.50/kg, prompting other producers to follow suit.
 
In Europe, prices of China-produced methionine slid to the range of EUR2.34-2.50/kg.
 
 
Market forecast
 
Poultry feed producers will stay prudent as egg prices have tumbled of late while broiler markets remain weak. Methionine producers are likely to cut prices further in efforts to clear excess supplies. 
 

 


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