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MARKET

April 18, 2017
 
China Methionine Weekly: Flat demand holds down prices (week ended Apr 18, 2017)
 
An eFeedLink Exclusive
 

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

Weekly prices of dl-methionine in China

Area

Apr 5 – Apr 10
(RMB/kg)

Apr 11 – Apr 18
(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

Apr 5 – Apr 10
(RMB/kg)

Jan 4 - Jan 17
(RMB/kg)

Price change
(RMB/kg)

North

18.50

18.50

0.00

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$0.1452 (Apr 18)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Poultry feed producers were cautious as the sales of chicken products were slow while the egg market remained soft. Nonetheless, despite flat demand and ample availability, methionine producers were reluctant to lower prices, which have fallen to new record lows.
 
In Europe, prices of methionine for Q2 2017 deliveries remained in the range of EUR2.35-2.50/kg as most buyers have placed orders.
 
 
Market forecast
 
Strong competition will exert pressure on the methionine industry, as producers negotiate prices in a bid to retain customers despite standing firm on price quotes. Even if poultry market recovers at a stronger pace, prices of methionine are unlikely to rise sharply under such circumstances.
 
 


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