November 13, 2018
Soft demand, ample availability drag down China methionine prices
Prices of methionine moved lower during the week ending November 12.
Demand for methionine shrank as buyers who have accumulated some supplies held back purchases while the outlook of the livestock markets was uncertain. Meanwhile, one producer that halted operation recently resumed production, lifting the availability of methionine.
Price quotes of imported dl-methionine dipped to the range of RMB23-24/kg, falling RMB0.50-1.50/kg.
RMB1=US$0.1435 (Nov 13)
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