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March 7, 2017
 
China Methionine Weekly: Prices stabilise as producers stand firm (week ended Mar 7, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
                      
Price quotes of imported dl-methionine remained stable around RMB23.50kg.
 
For liquid methionine*, price quotes were stable to lower in the range of RMB19-21/kg.
 

Weekly prices of dl-methionine in China

Area

Feb 21 - Feb 28
(RMB/kg)

Mar 1 - Mar 7
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

23.50

23.50

-0.50

Chengdu

23.50

23.50

-0.50

Jinan

23.00

23.00

0.00

Nanjing

23.00

23.00

-0.50

Shijiazhuang

23.00

23.00

0.00

Zhengzhou

23.00

23.00

0.00

Shenyang

23.00

23.00

-0.50

Beijing

23.00

23.00

0.00

                               

Weekly transacted prices of liquid methionine* in China

Area

Feb 21 - Feb 28
(RMB/kg)

Mar 1 - Mar 7
(RMB/kg)

Price change
(RMB/kg)

North

21.00

19.00

-2.00

Central

21.00

21.00

0.00

South

21.00

21.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1449 (Mar 7) 

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Demand for methionine from Europe strengthened lately as buyers began placing orders for the second quarter. This helped methionine producers and distributors to stand firm even though sales remained poor in China due to the rampant bird flu epidemic.
 
In Europe, prices of methionine for Q2 2017 deliveries stayed in the range of EUR2.45-2.50/kg as feed producers began placing orders for Q2.
 
 
Market forecast
 
Methionine prices are expected to remain around current levels in the near term as firm demand from Europe helps producers to clear stocks. However, with feed demand in China unlikely to recover due to diminished poultry numbers, methionine market is set to stay soft.
 


 
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