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October 17, 2011
China Methionine Weekly: Prices move within narrow range (week ended Oct 16, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mixed.
 
Quotes for dl-methionine in the general markets moved slightly lower in the range of RMB39.50-40.00/kg.
 
Liquid methionine* quotes in the general market slid to RMB30.40-30.90/kg.
 

Weekly transacted prices of dl-methionine in China

Area

Week 40

Week 41

Price change
(RMB/kg)

Oct 3 - 9      (RMB/kg)

Oct 10 - 16     (RMB/kg)

Guangzhou

39.70

39.70

0.00

Chengdu

39.50

39.50

0.00

Jinan

39.30

39.40

+0.10

Nanjing

39.60

39.50

-0.10

Shijiazhuang

39.30

39.40

+0.10

Zhengzhou

39.40

39.40

0.00

Shenyang

39.70

39.60

-0.10

Beijing

39.40

39.50

+0.10

Prices refer to delivered-to-feedmill prices, and are for reference only.

       

Weekly transacted prices of liquid methionine* in China

Area

Week 40

Week 41

Price change
(RMB/kg)

Oct 3 - 9       (RMB/kg)

Oct 10 - 16     (RMB/kg)

North

39.70

39.70

0.00

Central

39.50

39.50

0.00

South

39.30

39.40

+0.10

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1568 (Oct 17)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Global markets
 
In Europe, quotes for Q4 orders were unchanged at EUR3.48-3.55/kg, while bulk orders were priced as low as EUR3.45/kg.
 
 
Market analysis
 
Maintenance halts by several producers and international oil market rebound lent support to methionine prices over the week, despite slow post-holiday sales.
 
 
Market forecast
 
Methionine producers are seen to stand firm on prices in the short term.  However, rising global supplies, including expected output expansion by China's Chongqing Unisplendour Tianhua early next year, are expected to dampen long-term market outlook.
 
 


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