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Livestock & Feed Market

March 18, 2019
 
China Methionine Weekly: Strengthened livestock prices fail to stimulate buying interest (week ended Mar 18, 2019)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
                             
Price quotes of imported dl-methionine consolidated lower in the range of RMB17.20-18/kg.
 
For liquid methionine*, price quotes stayed at RMB15/kg.
               

Weekly prices of dl-methionine in China

Area

Mar 5 - Mar 11
(RMB/kg)

Mar 12 - Mar 18
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

17.70

17.60

-0.10

Chengdu

18.20

18.00

-0.20

Jinan

17.80

17.80

0.00

Nanjing

17.30

17.20

-0.10

Shijiazhuang

17.50

17.50

0.00

Zhengzhou

18.00

18.00

0.00

Shenyang

18.30

18.00

-0.30

Beijing

18.00

18.00

0.00

                  

Weekly transacted prices of liquid methionine* in China

Area

Mar 5 - Mar 11
(RMB/kg)

Mar 12 - Mar 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$0.1490 (Mar 18)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
The recent upsurge in broilers and hog prices failed to boost the confidence of feed millers. Hence, the sales of methionine continued to remain slow, compelling producers and traders to negotiate prices in efforts to entice buyers.
 
In Europe, prices of Q1 delivery methionine were at EUR1.95/kg.
 
 
Market forecast
 
Feed producers are unlikely to expand methionine inventories as the outlook of the livestock sector is uncertain. Methionine prices are expected to soften at a slow pace amid light trade.
 

 


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