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MARKET

July 17, 2017
 
China Methionine Weekly: Market lacks momentum (week ended Jul 11, 2017)
 
An eFeedLink Exclusive
 
Price summary
 
Prices were stable to higher.
                      
Price quotes of imported dl-methionine remained in the range of RMB19.80-20.50/kg.
 
For liquid methionine*, price quotes were unchanged at RMB16.50-17/kg.
 

Weekly prices of dl-methionine in China

Area

Jun 28 - Jul 4
(RMB/kg)

Jul 5 - Jul 11
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

20.50

20.50

0.00

Chengdu

20.50

20.50

0.00

Jinan

19.80

19.80

0.00

Nanjing

20.00

20.50

0.50

Shijiazhuang

20.00

20.50

0.50

Zhengzhou

19.80

19.80

0.00

Shenyang

20.00

20.50

0.50

Beijing

20.00

20.50

0.50

 

Weekly transacted prices of liquid methionine* in China

Area

Jun 28 - Jul 4
(RMB/kg)

Jul 5 - Jul 11
(RMB/kg)

Price change
(RMB/kg)

North

20.50

20.50

0.00

Central

17.00

17.00

0.00

South

16.50

16.50

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1478 (Jul 11)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
One major producer halted price releases, prompting several buyers to increase stockpiles. Nonetheless, with demand for poultry feed staying slow, particularly in the south where farming was disrupted by heavy rains, price hikes were limited.
 
In Europe, prices of Chinese methionine for Q3 2017 deliveries stayed in the range of EUR2.30-2.37/kg.
 
 
Market forecast
 
Demand for methionine will be cautious as the recovery of the poultry market is unsteady. Hence, even as producers attempt to lift methionine prices, the upward potential of the market will be limited.
 

 


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