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November 15, 2016
 
China Methionine Weekly: Prices continue to rise despite soft global market (week ended Nov 14, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.
                      
Price quotes of imported dl-methionine climbed to the range of RMB26.40-26.50/kg, higher by RMB0.50-0.90/kg.
 
For liquid methionine*, price quotes were unchanged at RMB20.50-21/kg.
                               

Weekly prices of dl-methionine in China

Area

Nov 1 - Nov 7
(RMB/kg)

Nov 1 - Nov 15
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

26.00

26.50

0.50

Chengdu

26.00

26.50

0.50

Jinan

25.50

26.40

0.90

Nanjing

25.50

26.40

0.90

Shijiazhuang

25.50

26.40

0.90

Zhengzhou

25.50

26.40

0.90

Shenyang

25.50

26.40

0.90

Beijing

25.50

26.40

0.90

 

Weekly transacted prices of liquid methionine* in China

Area

Nov 1 - Nov 7
(RMB/kg)

Nov 1 - Nov 15
(RMB/kg)

Price change
(RMB/kg)

North

20.50

20.50

0.00

Central

20.50

20.50

0.00

South

21.00

21.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1461 (Nov 15) 


*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 

Market analysis
 
Demand for methionine was slow as the poultry feed market stayed weak. Nonetheless, local producers lifted price quotes over the week as the prices of methionine continued to surge amid a weakening renminbi and tighter supplies.
 
In Europe, prices of methionine for Q4 deliveries were lower at EUR2.53-2.56/kg. Large-scale clients were offered better prices in the range of EUR2.48-2.50/kg.
 

Market forecast
 
With renminbi depreciating, the costs of methionine imports will remain high. Hence, despite sluggish feed demand and a soft global methionine market, prices of the product are less likely to move lower in the near term.
 

 


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