August 27, 2013
Methionine market stable but lacks momentum in China
Prices of methionine were mostly unchanged during the week ending August 26.
Crude oil prices strengthened of late, pushing up the costs of methionine production. However, as demand remained flat despite falling weather temperatures, methionine market has failed to gain momentum.
Price quotes of imported dl-methionine remained in the range of RMB25.80-26.30/kg.
China's weather has turned cool in several regions, particularly in the north. This will help to drive up the feed intake of poultry, lifting methionine consumption in conjunction with rising inventories.
RMB1=US$0.1634 (Aug 27)
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