eFeedLink - China Methionine Weekly: Market shows no signs of improving (week ended Sep 10, 2018)

September 11, 2018

China Methionine Weekly: Market shows no signs of improving (week ended Sep 10, 2018)

An eFeedLink Exclusive

Price summary

Prices stayed flat.

Price quotes of imported dl-methionine remained in the range of RMB17.80-18.20/kg.

For liquid methionine*, price quotes were unchanged at RMB15/kg.

Weekly prices of dl-methionine in China
Area	Aug 28 - Sep 3 (RMB/kg)	Sep 4 - Sep 10 (RMB/kg)	Price change (RMB/kg)
Guangzhou	18.00	18.00	0.00
Chengdu	18.20	18.20	0.00
Jinan	17.80	17.80	0.00
Nanjing	18.00	18.00	0.00
Shijiazhuang	17.80	17.80	0.00
Zhengzhou	18.00	18.00	0.00
Shenyang	18.00	18.00	0.00
Beijing	18.00	18.00	0.00

*Weekly transacted prices of liquid methionine in China**
Area	Aug 28 - Sep 3 (RMB/kg)	Sep 4 - Sep 10 (RMB/kg)	Price change (RMB/kg)
North	15.00	15.00	0.00
Central	15.00	15.00	0.00
South	15.00	15.00	0.00
Prices refer to delivered-to-feedmill prices, and are for reference only. RMB1=US$0.1457 (Sep 11)

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

Market analysis

Demand for methionine remained flat as feed millers were not eager to stockpile inventories with supplies ample. Hence, even as a handful of producers attempted to lift prices, the market remained soft amid slow sales.

In Europe, prices of China-produced methionine stayed in the range of EUR2.09-2.12/kg.

Market forecast

Methionine sales are expected to be sluggish although poultry feed consumption will increase with Mid-autumn Festival approaching. Nonetheless, price falls will be limited at current levels as sellers strive to sustain profit margins.