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Market Reports

June 4, 2018
 
China Methionine Weekly: Market stabilises amid decreased availability (week ended Jun 4, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable.
                  
Price quotes of imported dl-methionine dipped to the range of RMB18.90-19.20/kg, lower by 0-0.30/kg.
 
For liquid methionine*, price quotes were unchanged at around RMB15.50/kg.
 

Weekly prices of dl-methionine in China

Area

May 22 - May 28
(RMB/kg)

May 29 - Jun 4
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

19.50

19.20

-0.30

Chengdu

19.00

19.00

0.00

Jinan

18.90

18.90

0.00

Nanjing

18.90

18.90

0.00

Shijiazhuang

18.90

18.90

0.00

Zhengzhou

19.00

19.00

0.00

Shenyang

19.20

19.20

0.00

Beijing

19.00

19.00

0.00

                                 

Weekly transacted prices of liquid methionine* in China

Area

May 22 - May 28
(RMB/kg)

May 29 - Jun 4
(RMB/kg)

Price change
(RMB/kg)

North

15.50

15.50

0.00

Central

15.50

15.50

0.00

South

15.50

15.50

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1558 (Jun 4)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Demand for methionine remained limited as feed producers withheld buying. Nonetheless, as one local producer stopped taking orders, tightened availability helped to stabilise methionine prices.
 
In Europe, prices of China-produced methionine stayed at EUR2.25/kg.
 
 
Market forecast
 
With poultry market remaining weak, lacklustre feed demand will continue to put a lid on the prices of methionine. Even though a producer has limited stocks to offer, supplies of methionine are expected to remain ample.
 

 


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