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April 11, 2017
 
China Methionine Weekly: Market stays soft on cautious demand, stable supply (week ended Apr 10, 2017)
 
An eFeedLink Exclusive
 

Price summary
 
Prices stayed flat.
                      
Price quotes of imported dl-methionine were unchanged in the range of RMB22.30-23/kg.
 
For liquid methionine*, price quotes were stable to lower at RMB18.50-19/kg.
 

Weekly prices of dl-methionine in China

Area

Mar 29 – Apr 4
(RMB/kg)

Apr 4 – Apr 10
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

22.70

22.70

0.00

Chengdu

23.00

23.00

0.00

Jinan

22.30

22.30

0.00

Nanjing

22.70

22.70

0.00

Shijiazhuang

22.50

22.50

0.00

Zhengzhou

22.30

22.30

0.00

Shenyang

22.50

22.50

0.00

Beijing

22.50

22.50

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Mar 29 – Apr 4
(RMB/kg)

Apr 4 – Apr 10
(RMB/kg)

Price change
(RMB/kg)

North

19.00

18.50

-0.50

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$0.1449 (Apr 11) 

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Demand for methionine was stable as the poultry sector recovered from the bird flu epidemic even though cautious mood of feed millers limited sales. However, as one new producer gave discounts in efforts to gain a foothold in the market, methionine prices remained soft.
 
In Europe, prices of methionine for Q2 2017 deliveries were in the range of EUR2.35-2.50/kg.
 
 
Market forecast
 
Methionine prices are projected to be soft with supplies abundant due as new facilities in China are ready for production. Moreover, poultry feed producers will not be motivated to step up production as the recovery of the livestock market is weak.
 
 


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