November 1, 2016
Prices of methionine remain soft in China amid ample supply
Prices of methionine moved lower during the week ending October 31.
Feed millers withheld purchases while the broiler markets remained weak, hence decimating the sales of poultry feed. As September methionine imports were ample, distributors held down prices in efforts to clear stocks even though the recent depreciation of renminbi has pushed up the import costs of the product.
For liquid methionine, price quotes were stable at RMB20.50-21/kg.
RMB1=US$0.1476 (Nov 1)
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