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MARKET

July 12, 2018
 
China Methionine Weekly: Producers stand firm despite soft demand (week ended Jul 9, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained mostly stable.
                  
Price quotes of imported dl-methionine stable to higher to the range of RMB17.80-18.20/kg.
 
For liquid methionine*, price quotes remained at around RMB15.50/kg.
      

Weekly prices of dl-methionine in China

Area

Jun 26 - Jul 2
(RMB/kg)

Jul 3 - Jul 9
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

18.00

17.80

-0.20

Chengdu

18.00

18.00

0.00

Jinan

18.00

18.20

0.20

Nanjing

17.80

18.00

0.20

Shijiazhuang

17.80

17.80

0.00

Zhengzhou

18.00

18.00

0.00

Shenyang

18.00

18.20

0.20

Beijing

18.00

18.00

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Jun 26 - Jul 2
(RMB/kg)

Jul 3 - Jul 9
(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$0.1500 (Jul 12)

 
*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, prompting traders to negotiate prices. However, producers stood firm in anticipation of stronger overseas demand with renminbi depreciating sharply.
 
In Europe, prices of China-produced methionine stayed at EUR2.25/kg.
 
 
Market forecast
 
Producers wills be tempted to hold up prices as export orders are expected to increase. Nonetheless, with livestock feed demand sluggish and supplies ample, the upward scope of methionine market will be limited.
 

 


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