Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
China

October 4, 2018
 
China Methionine Weekly: Sellers lift price quotes to cover costs (week ended Sep 30, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices increased further.
                             
Price quotes of imported dl-methionine climbed to the range of RMB18.10-18.50/kg.
 
For liquid methionine*, price quotes stayed at RMB15/kg.
 

Weekly prices of dl-methionine in China

Area

Sep 18 - Sep 24
(RMB/kg)

Sep 25 - Sep 30
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

18.00

18.50

0.30

Chengdu

18.20

18.50

0.30

Jinan

18.20

18.20

0.20

Nanjing

18.00

18.20

0.10

Shijiazhuang

18.10

18.20

0.10

Zhengzhou

18.10

18.40

0.20

Shenyang

18.20

18.50

0.30

Beijing

18.20

18.10

0.00

                                 

Weekly transacted prices of liquid methionine* in China

Area

Sep 18 - Sep 24
(RMB/kg)

Sep 25 - Sep 30
(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$0.1451 (Oct 4)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Sellers lifted the price quotes of imported methionine products to cover the rising costs due to a weak renminbi. However, as feed millers limited purchases amid cautious mood, sales were not exceptionally strong. Actual transacted prices were negotiated on a case-by-case basis.
 
In Europe, prices of China-produced methionine were in the range of EUR2.09-2.12/kg.
 
 
Market forecast
 
Methionine market will be quiet during the long break in the first week of October.
 
After the week-long hiatus, prices will be under pressure as poultry feed millers limit production and hold back methionine buying.
 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read