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November 13, 2017
 
China Methionine Weekly: Market stays weak as sellers attempt to move sales (week ended Nov 13, 2017)
                                                     
An eFeedLink Exclusive
 

Price summary
 
Prices were unchanged.
                      
Price quotes of imported dl-methionine stayed stagnant in the range of RMB22.50-23/kg.
 
For liquid methionine*, price quotes remained at RMB18-18.50/kg.
 

Weekly prices of dl-methionine in China

Area

Oct 31 – Nov 6
(RMB/kg)

Nov 7 – Nov 13
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

23.00

23.00

0.00

Chengdu

22.50

22.50

0.00

Jinan

22.50

22.50

0.00

Nanjing

22.50

22.50

0.00

Shijiazhuang

22.50

22.50

0.00

Zhengzhou

22.50

22.50

0.00

Shenyang

22.50

22.50

0.00

Beijing

22.50

22.50

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Oct 31 – Nov 6
(RMB/kg)

Nov 7 – Nov 13
(RMB/kg)

Price change
(RMB/kg)

North

18.50

18.50

0.00

Central

18.00

18.00

0.00

South

18.00

18.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1505 (Nov 13)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Sales of methionine remained slow as feed millers were not motivated to increase stockpiles while the broiler market was weak. Moreover, mortality rates of poultry increased as the weather temperatures fell significantly, hence dampening the confidence of farmers. Holding price quotes stable, methionine sellers negotiated prices on a case-by-case basis.
 
In Europe, prices of Chinese methionine stayed stable in the range of EUR2.50-2.60/kg.
 
 
Market forecast
 
Methionine market will continue to stay soft amid slack demand. Distributors and traders will be willing to lower prices in attempts to move sales, but sharp discounts are unlikely at current price levels.
 

 


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