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October 24, 2011
 
China Methionine Weekly: Market faces upward resistance (week ended Oct 23, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mixed.
 
Quotes for dl-methionine in the general markets inched lower to RMB39.50-39.90/kg.
 
Liquid methionine* quotes in the general market fell slightly to RMB30.30-30.90/kg.
 

Weekly transacted prices of dl-methionine in China

Area

Week 41

Week 42

Price change
(RMB/kg)

Oct 10 - 16     (RMB/kg)

Oct 17 - 23   (RMB/kg)

Guangzhou

39.70

39.60

-0.10

Chengdu

39.50

39.60

0.10

Jinan

39.40

39.40

0.00

Nanjing

39.50

39.50

0.00

Shijiazhuang

39.40

39.50

0.10

Zhengzhou

39.40

39.40

0.00

Shenyang

39.60

39.50

-0.10

Beijing

39.50

39.50

0.00

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

       

Weekly transacted prices of liquid methionine* in China

Area

Week 41

Week 42

Price change
(RMB/kg)

Oct 10 - 16      (RMB/kg)

Oct 17 - 23    (RMB/kg)

North

30.60

30.60

0.00

Central

30.80

30.80

0.00

South

30.70

30.60

-0.10

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1566 (Oct 24)

 
*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 edged higher in the range of EUR3.50-3.55/kg, while bulk orders were priced as low as EUR3.45/kg.
 
 
Market analysis
 
Over the week, methionine prices lacked the momentum to move higher as prudent buying in the market prompted producers to slightly ease tightening of output control.
 
 
Market forecast
 
Methionine market is expected to remain subdued in the short term.
 
 

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