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November 7, 2011
 
China Methionine Weekly: Buyers continue to withhold buying (week ended Nov 6, 2011)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were lower.
 
Quotes for dl-methionine in the general markets reduced to RMB38.70-39.50/kg.
 
Liquid methionine* quotes in the general market were marginally lower in the range of RMB30-30.90/kg.
 

Weekly transacted prices of dl-methionine in China

Area

Week 43

Week 44

Price change
(RMB/kg)

Oct 24 - 30 (RMB/kg)

Oct 31 - Nov 6 (RMB/kg)

Guangzhou

39.50

39.40

-0.10

Chengdu

39.50

39.30

-0.20

Jinan

39.30

39.10

-0.20

Nanjing

39.30

39.10

-0.20

Shijiazhuang

39.30

39.00

-0.30

Zhengzhou

39.20

38.80

-0.40

Shenyang

39.30

39.20

-0.10

Beijing

39.30

39.00

-0.30

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 24 - 30 (RMB/kg)

Oct 31 - Nov 6 (RMB/kg)

North

30.60

30.30

-0.30

Central

30.80

30.60

-0.20

South

30.50

30.50

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1576 (Nov 7)

 
*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 moved lower to around EUR3.45/kg. Deals with one major buyer were reported at Euro3.45-3.53/kg.

 
Market analysis
 
Declining hog prices weakened farmers’ interest to expand herds, hence limiting feed demand. With buying interest weak, methionine prices softened during the period in review.
 

Market forecast
 
Lacklustre feed demand will continue to restrict the sales of methionine in China.
 

 


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