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March 21, 2017
 
China Methionine Weekly: Light trade holds prices flat (week ended Mar 21, 2017)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were unchanged.
                      
Price quotes of imported dl-methionine remained in the range of RMB22.80-23.50/kg.
 
For liquid methionine*, price quotes were stable at RMB18.50-19/kg.
                               

Weekly prices of dl-methionine in China

Area

Mar 8 - Mar 14
(RMB/kg)

Mar 15 - Mar 21
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

23.50

23.50

0.00

Chengdu

23.50

23.50

0.00

Jinan

22.80

22.80

0.00

Nanjing

23.00

23.00

0.00

Shijiazhuang

23.00

23.00

0.00

Zhengzhou

22.80

22.80

0.00

Shenyang

22.80

22.80

0.00

Beijing

23.00

23.00

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Mar 8 - Mar 14
(RMB/kg)

Mar 15 - Mar 21
(RMB/kg)

Price change
(RMB/kg)

North

19.00

19.00

0.00

Central

19.00

19.00

0.00

South

18.50

18.50

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1448 (Mar 21) 

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Demand for methionine stayed weak as feed producers limited production although the poultry sector has shown signs of recovering. However, methionine producers and distributors held price quotes unchanged amid low profitability. Several traders were willing to negotiate prices on a case-by-case basis.
 
In Europe, prices of methionine for Q2 2017 deliveries stayed stable in the range of EUR2.45-2.50/kg.
 
 
Market forecast
 
Sales of poultry feed should pick up gradually as the bird flu epidemic subsides, hence lending support to methionine market. Nonetheless, with supplies abundant, the upward scope of methionine market will be limited. 
 


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