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MARKET

July 3, 2018
 
China Methionine Weekly: Market weakens further amid flat demand (week ended Jul 2, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.
                  
Price quotes of imported dl-methionine slid to the range of RMB17.80-18/kg, falling by RMB0-0.50/kg.
 
For liquid methionine*, price quotes stayed at around RMB15.50/kg.
   

Weekly prices of dl-methionine in China

Area

Jun 19 - Jun 25
(RMB/kg)

Jun 26 - Jul 2
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

18.00

18.00

0.00

Chengdu

18.00

18.00

0.00

Jinan

18.20

18.00

-0.20

Nanjing

17.80

17.80

0.00

Shijiazhuang

18.00

17.80

-0.20

Zhengzhou

18.20

18.00

-0.20

Shenyang

17.80

18.00

0.00

Beijing

18.50

18.00

-0.50

                              

Weekly transacted prices of liquid methionine* in China

Area

Jun 19 - Jun 25
(RMB/kg)

Jun 26 - Jul 2
(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$0.1492 (Jul 3)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Methionine market lacked momentum as feed producers withheld buying while the livestock market performed poorly. Several traders and distributors were compelled to cut prices further in attempts to promote sales.
 
In Europe, prices of China-produced methionine were unchanged at EUR2.25/kg.
 
 
Market forecast
 
Methionine sellers will be reluctant to lower prices at current low levels. However, with supplies exceeding demand, methionine market will continue to be under downward pressure.
 

 


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