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April 4, 2019
 
China Methionine Weekly: Demand picks up prudently (week ended Apr 1, 2019)
                                             
An eFeedLink Exclusive
 
 
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.
 
 


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