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October 15, 2018

China Methionine Weekly: Low supply supports market despite flat demand (week ended Oct 15, 2018)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to higher.
 
Price quotes of imported dl-methionine strengthened to the range of RMB18.30-18.50/kg.
 
For liquid methionine*, price quotes remained unchanged at RMB15/kg.
 

Weekly prices of dl-methionine in China

Area

Sep 25 - Sep 30
(RMB/kg)

Oct 1 - Oct 15
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

18.50

18.50

0.00

Chengdu

18.50

18.50

0.00

Jinan

18.20

18.30

0.10

Nanjing

18.20

18.50

0.30

Shijiazhuang

18.20

18.30

0.10

Zhengzhou

18.40

18.50

0.10

Shenyang

18.50

18.50

0.00

Beijing

18.10

18.40

0.30

 

Weekly transacted prices of liquid methionine* in China

Area

Sep 25 - Sep 30
(RMB/kg)

Oct 1 - Oct 15
(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$0.1445 (Oct 15)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Methionine availability was tight after the holidays as imports were limited due to the high costs while export demand increased with renminbi weakening. Hence, even as post-festive poultry feed demand was flat, methionine market stayed firm in China.
 
In Europe, prices of China-produced methionine stayed in the range of EUR2.09-2.12/kg.
 
 
Market forecast
 
Methionine demand will remain flat in the coming period, which is common during this time of the year due to slow feed sales. However, prices are expected to stand firm with supplies tight.
 

 


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