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Market Reports

April 16, 2018
 
China Methionine Weekly: Prices stay flat on subdued demand (week ended Apr 16, 2018)
                                             
An eFeedLink Exclusive
  
 
Price summary
 
Prices remained soft.
                  
Price quotes of imported dl-methionine were in the range of RMB20.10-20.50/kg.
 
For liquid methionine*, price quotes were stable to higher at RMB16.50-17/kg.
 

Weekly prices of dl-methionine in China

Area

Apr 4 - Apr 9
(RMB/kg)

Apr 10 - Apr 16
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

20.50

20.50

0.00

Chengdu

20.50

20.50

0.00

Jinan

20.20

20.20

0.00

Nanjing

20.20

20.20

0.00

Shijiazhuang

20.00

20.00

0.00

Zhengzhou

20.20

20.10

-0.10

Shenyang

20.20

20.20

0.00

Beijing

20.20

20.20

0.00

                                 

Weekly transacted prices of liquid methionine* in China

Area

Apr 4 - Apr 9
(RMB/kg)

Apr 10 - Apr 16
(RMB/kg)

Price change
(RMB/kg)

North

16.00

16.50

0.50

Central

17.00

17.00

0.00

South

17.00

17.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1590 (Apr 16)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Demand for poultry feed was soft as AA broiler faming incurred losses while the profits margins of layer faming were greatly slashed during March due to tumbling egg prices. This, in conjunction with flat piglet feed sales, limited the usages of methionine. Hence, even as producers were tempted to lift price quotes, methionine prices remained flat.
 
In Europe, prices of China-produced methionine were mainly around EUR2.30/kg.
 
 
Market forecast
 
Even though broiler markets showed signs of recovering lately, demand for methionine is unlikely to increase by a lot while feed producers tread prudently. Prices are projected to stay around current levels amid slow sales in the near term.
 

 


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