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MARKET

May 17, 2017
 
China Methionine Weekly: Prices break new lows (week ended May 16, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices dipped further.
                      
Price quotes of imported dl-methionine fell by RMB0.50-0.60/kg to the range of RMB20.90-22/kg.
 
For liquid methionine*, price quotes were mainly in the range of RMB17.50/kg.
 

Weekly prices of dl-methionine in China

Area

May 3 - May 9
(RMB/kg)

May 10 - May 16
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

22.50

22.00

-0.50

Chengdu

22.00

22.00

0.00

Jinan

21.50

21.00

-0.50

Nanjing

22.00

21.50

-0.50

Shijiazhuang

22.00

21.50

-0.50

Zhengzhou

21.50

20.90

-0.60

Shenyang

22.00

21.50

-0.50

Beijing

22.00

21.50

-0.50

 

Weekly transacted prices of liquid methionine* in China

Area

May 3 - May 9
(RMB/kg)

May 10 - May 16
(RMB/kg)

Price change
(RMB/kg)

North

18.00

17.50

-0.50

Central

18.00

17.50

-0.50

South

18.00

17.50

-0.50

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1451 (May 16)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 

Market analysis
 
Domestic demand for methionine was slack as feed producers were reluctant to step up production while broiler and layer farms were incurring losses. With supplies plentiful and new producers eager to gain market shares, methionine prices continued to slide to new lows.
 
In Europe, prices of methionine for Q2 2017 deliveries moved higher to the range of EUR2.47-2.50/kg.
 

Market forecast
 
Demand for methionine is poised to remain sluggish with poultry farming suffering deficits, the quantity of piglets low and competition strong. However, at current historic low levels, prices are expected to fall at a slower pace.
 

 


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