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September 25, 2018
 
China Methionine Weekly: Pre-holiday buying perks up prices (week ended Sep 24, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.
                             
Price quotes of imported dl-methionine rose to the range of RMB18-18.20/kg.
 
For liquid methionine*, price quotes were unchanged at RMB15/kg.
 

Weekly prices of dl-methionine in China

Area

Sep 11 - Sep 17
(RMB/kg)

Sep 18 - Sep 24
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

18.00

18.00

0.00

Chengdu

18.20

18.20

0.20

Jinan

17.90

18.20

0.00

Nanjing

18.00

18.00

0.10

Shijiazhuang

17.90

18.10

0.10

Zhengzhou

18.10

18.10

0.20

Shenyang

18.00

18.20

0.10

Beijing

18.10

18.20

0.20

 

Weekly transacted prices of liquid methionine* in China

Area

Sep 11 - Sep 17
(RMB/kg)

Sep 18 - Sep 24
(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 25)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Feed millers continued to stock methionine inventories in preparation for the long October holidays, albeit prudently. As importers of global brands lifted prices amid tight availability, methionine market strengthened further at a modest pace.
 
In Europe, prices of China-produced methionine stayed in the range of EUR2.09-2.12/kg.
 
 
Market forecast
 
Methionine sales are expected to slow after feed producers have accumulated ample stocks. Entering October, demand for poultry feed and hence methionine is seen soft, exerting pressure on the market.
 


 
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