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November 1, 2008
 
China Methionine Weekly: Prices dip amid tainted egg panic (week ended Oct 31, 2008)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were lower in most regions.
 
Quotes for dl-methionine in the general markets were at RMB56.00-57.50/kg. Overall, average transacted price (delivered-to-feed-mill) was RMB55.96/kg, down RMB1.82/kg compared with a week ago.

Liquid methionine* quotes in the general market had risen to RMB47.50-49.00/kg while actual transacted prices (delivered-to-feed-mill) were at RMB46.50-48.00/kg.
 

Weekly transacted prices of dl-methionine in China

Area

Week 43

Week 44

Price change
(RMB/kg)

Oct 18 - Oct 24 (RMB/kg)

Oct 25 - Oct 31 (RMB/kg)

Guangzhou

57.40

54.80

-2.60

Chengdu

57.70

56.00

-1.70

Jinan

57.90

56.40

-1.50

Nanjing

57.80

56.10

-1.70

Shijiazhuang

57.80

56.00

-1.80

Zhengzhou

57.80

56.00

-1.80

Shenyang

58.00

56.40

-1.60

Beijing

57.80

56.00

-1.80

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

Weekly transacted prices of liquid methionine* in China

Area

Week 43

Week 44

Price change
(RMB/kg)

Oct 18 - Oct 24 (RMB/kg)

Oct 25 - Oct 31 (RMB/kg)

North

49.00

48.00

-1.00

Central

48.70

47.50

-1.20

South

48.30

47.00

-1.30

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1462 (Nov 1, 08)
 
 
Global markets
 
In Europe, methionine supplies have increased significantly with spot prices in the range of Euro4.55-4.65/kg.
 
 
Market analysis
 
Sales and prices of eggs in China plunged after news of melamine contaminated eggs brought down demand.

Methionine consumption dropped inevitably as feed demand fell and many traders were forced to lower their asking prices to induce buying.
 
 
Market forecast
 
In the near term, methionine producers who have high inventories in China will be under pressure to release their stocks. Prices are expected to weaken further.
 
 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
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