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September 7, 2016

China Methionine Weekly: Prices weakens under pressure (week ended Sep 6, 2016)

An eFeedLink Exclusive
 

Price summary

Prices were stable to lower.
 
Price quotes of imported dl-methionine were softer in the range of RMB27-28/kg.

For liquid methionine*, price quotes slid to RMB23.50-24.50/kg.
 

Weekly prices of dl-methionine in China

Area

Aug 24 - Aug 30
(RMB/kg)

Aug 31 - Sep 6
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

28.00

28.00

0.00

Chengdu

28.00

27.50

-0.50

Jinan

27.20

27.20

0.00

Nanjing

28.00

28.00

0.00

Shijiazhuang

28.00

27.00

-1.00

Zhengzhou

27.20

27.20

0.00

Shenyang

27.50

27.50

0.00

Beijing

28.00

27.00

-1.00

 

Weekly transacted prices of liquid methionine* in China

Area

Aug 24 - Aug 30
(RMB/kg)

Aug 31 - Sep 6
(RMB/kg)

Price change
(RMB/kg)

North

24.00

23.50

-0.50

Central

24.50

24.50

0.00

South

24.50

24.50

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1500 (Sep 7) 


*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 

Market analysis

Usages of methionine in feed production were slow as feed millers were reluctant to increase output by a lot despite soaring egg price. Although Mid-Autumn Festival was around the corner, the demand for chicken and pork remained sluggish, hence dampening the confidence of feed producers.

In Europe, spot prices of methionine were in the range of EUR3.52-3.64/kg.
 

Market forecast

Feed producers are expected to increase output prudently during September as livestock farmers stock feed inventories before the long October holidays. However, with supplies abundant, methionine prices are less likely to rise significantly even with demand stronger.
 

 


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