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November 29, 2011
 
China Methionine Weekly: Producers cut quotes on waning demand (week ended Nov 27, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were lower.
 
Quotes for dl-methionine in the general markets slid to RMB37.70-38.20/kg, while average transacted prices (delivered to feed mill) fell by RMB0.40/kg.
 
Liquid methionine* quotes in the general market were unchanged in the range of RMB29.30-30.00/kg.
 

Weekly transacted prices of dl-methionine in China

Area

Week 46

Week 47

Price change
(RMB/kg)

Nov 14 - 20     (RMB/kg)

Nov 21 - 27    (RMB/kg)

Guangzhou

38.70

38.30

-0.40

Chengdu

38.70

38.30

-0.40

Jinan

38.50

38.10

-0.40

Nanjing

38.60

38.10

-0.50

Shijiazhuang

38.40

38.20

-0.20

Zhengzhou

38.20

37.80

-0.40

Shenyang

38.70

38.40

-0.30

Beijing

38.50

38.00

-0.50

Prices refer to delivered-to-feedmill prices, and are for reference only.

       

Weekly transacted prices of liquid methionine* in China

Area

Week 46

Week 47

Price change
(RMB/kg)

Nov 14 - 20     (RMB/kg)

Nov 21 - 27    (RMB/kg)

North

30.10

29.80

-0.30

Central

30.10

29.90

-0.20

South

29.90

29.60

-0.30

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1569 (Nov 29)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Global markets
 
In Europe, quotes for 2012 Q1 orders were flat at EUR3.42-3.45/kg while large-scale buyers reported receiving offers at RMB3.40/kg. Market showed signs of stabilising as most producers resumed normal operations and as speculative buying cooled.
 
 
Market analysis
 
Methionine producers cut quotes sharply over the week amid sluggish demand. Transacted prices pushed even lower due to high circulation of low-priced stocks in the market.
 
 
Market forecast
 
Slow feed demand growth and ample producer supplies will continue to hold methionine market weak in the near term.
 
 


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