April 11, 2013
Methionine prices soften as Chinese feedmills limit purchases
Prices of methionine moved lower during the week ending April 10.
Although one methionine producer lifted its price quotes lately, transacted prices remained soft as demand was weak despite seeing improvements. Feed millers were cautious as the outbreak of H7N9 bird flu in China resulted in mass culling on the one hand and hampered inventory building on the other hand.
Price quotes of imported dl-methionine were lower at RMB28.60-29.15/kg.
Methionine market will likely stay soft with buyers treading prudently amid dwindling animal inventories and a local producer scheduled to expand production.
The full market report (with complete data) of this excerpt is available here.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
