eFeedLink - China Methionine Weekly: Demand picks up prudently (week ended Apr 1, 2019)

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April 4, 2019

China Methionine Weekly: Demand picks up prudently (week ended Apr 1, 2019)

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Price summary

Prices were mostly unchanged.

Price quotes of imported dl-methionine consolidated higher in the range of RMB17.30-18/kg.

For liquid methionine*, price quotes stayed flat at RMB15/kg.

Weekly prices of dl-methionine in China
Area	Mar 19 - Mar 25 (RMB/kg)	Mar 26 - Apr 1 (RMB/kg)	Price change (RMB/kg)
Guangzhou	17.60	17.80	0.20
Chengdu	17.80	17.80	0.00
Jinan	17.50	17.50	0.00
Nanjing	17.20	17.30	0.10
Shijiazhuang	17.30	17.30	0.00
Zhengzhou	18.00	18.00	0.00
Shenyang	18.00	18.00	0.00
Beijing	17.80	17.80	0.00

*Weekly transacted prices of liquid methionine in China**
Area	Mar 19 - Mar 25 (RMB/kg)	Mar 26 - Apr 1 (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 (Apr 4)

*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.

Market analysis

More feed millers enquired prices of methionine as distributors of imported products stood firm after lifting price quotes. Although buyers remained prudent, sales improved modestly, helping to hold up prices of methionine in some regions.

In Europe, prices of Q1 delivery methionine dipped to EUR1.90/kg.

Market forecast

With the availability of imported methionine decreased, feed producers are likely to expand inventories. However, with the outlook of the livestock markets uncertain, sales of methionine will be limited in the near term.