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FEED & LIVESTOCK MARKET

March 27, 2019
 
China Methionine Weekly: Sales stay slow (week ended Mar 25, 2019)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.
                             
Price quotes of imported dl-methionine were in the range of RMB17.20-18/kg.
 
For liquid methionine*, price quotes remained unchanged at RMB15/kg.
                                 

Weekly prices of dl-methionine in China

Area

Mar 12 - Mar 18
(RMB/kg)

Mar 19 - Mar 25
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

17.60

17.60

0.00

Chengdu

18.00

17.80

-0.20

Jinan

17.80

17.50

-0.30

Nanjing

17.20

17.20

0.00

Shijiazhuang

17.50

17.30

-0.20

Zhengzhou

18.00

18.00

0.00

Shenyang

18.00

18.00

0.00

Beijing

18.00

17.80

-0.20

 

Weekly transacted prices of liquid methionine* in China

Area

Mar 12 - Mar 18
(RMB/kg)

Mar 19 - Mar 25
(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$0.1489 (Mar 27)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Distributors of imported methionine lifted price quotes, but without the support of local producers, transacted prices remained soft over the week. Overall demand for methionine showed little improvement despite strengthening poultry markets we feed producers remained prudent. 
 
In Europe, prices of Q1 delivery methionine dipped to EUR1.90/kg.
 
 
Market forecast
 
Methionine sales will be slow while poultry feed producers are reluctant to stockpile inventories. Prices are projected to consolidate lower as sellers attempt to promote sales.
 

 


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