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MARKET

May 14, 2018
 
China Methionine Weekly: Slow demand, excess supply weaken market (week ended May 14, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
                  
Price quotes of imported dl-methionine dipped to the range of RMB19.20-20/kg.
 
For liquid methionine*, price quotes were stable at RMB16-17/kg.
 

Weekly prices of dl-methionine in China

Area

May 1 - May 7
(RMB/kg)

May 8 - May 14
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

20.50

20.00

-0.50

Chengdu

20.50

20.00

-0.50

Jinan

19.60

19.60

0.00

Nanjing

20.00

19.20

-0.80

Shijiazhuang

20.00

19.50

-0.50

Zhengzhou

19.60

20.00

0.00

Shenyang

20.00

19.80

-0.20

Beijing

20.00

19.50

-0.50

                                 

Weekly transacted prices of liquid methionine* in China

Area

May 1 - May 7
(RMB/kg)

May 8 - May 14
(RMB/kg)

Price change
(RMB/kg)

North

16.00

16.00

0.00

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$0.1578 (May 14)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Demand for methionine showed little improvement as feed producers were reluctant to step up production while livestock markets underperformed. With supplies plentiful, several producers cut prices to below RMB20/kg in attempts to promote sales.
 
In Europe, prices of China-produced methionine remained unchanged to EUR2.25/kg.
 
 
Market forecast
 
Methionine market is set to remain weak in the coming weeks under the pressure of slack demand and excess supply. However, the downward scope of the market is limited at current price levels.
 

 


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