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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.
 

 


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