July 3, 2013
Weak trend prevails in China methionine market
Prices of methionine moved lower during the week ending July 2.
Suppliers of methionine were reluctant to reduce price but could do little to sustain it as demands remained lacklustre.
Price quotes of imported dl-methionine slid to the range of RMB26.80-27.40/kg.
With poultry producers reluctant to stock feed inventories while rearing return remained poor, methionine market is expected to stay weak in the coming period.
RMB1=US$0.1628 (Jun 25)
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
