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November 30, 2016
 
China Methionine Weekly: Sellers stand firm despite slack demand (week ended Nov 29, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly unchanged.
                      
Price quotes of imported dl-methionine were in the range of RMB25.50-26.50/kg, mostly lower by RMB0-0.50/kg.
 
For liquid methionine*, price quotes consolidated around RMB24/kg.
 

Weekly prices of dl-methionine in China

Area

Nov 16 - Nov 22
(RMB/kg)

Nov 23 - Nov 29
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

26.50

26.50

0.00

Chengdu

26.50

26.50

0.00

Jinan

26.00

25.50

-0.50

Nanjing

26.00

26.00

0.00

Shijiazhuang

26.00

26.00

0.00

Zhengzhou

26.00

25.50

-0.50

Shenyang

26.00

26.00

0.00

Beijing

26.00

26.00

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Nov 16 - Nov 22
(RMB/kg)

Nov 23 - Nov 29
(RMB/kg)

Price change
(RMB/kg)

North

23.50

24.00

0.50

Central

23.50

24.00

0.50

South

24.00

24.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1453 (Nov 30) 

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

Market analysis
 
Poultry market remained weak, hampering the sales of methionine while feed consumption was slow. However, as import costs stayed high due to the depreciation of renminbi, most distributors and traders stood firm in efforts to maintain profit margins.
 
In Europe, prices of methionine for Q4 deliveries were lower at EUR2.43-2.45/kg. Price quotes for large-scale clients softened to the range of EUR2.38-2.40/kg.
 
 
Market forecast
 
Although the global methionine market is weak due to ample availability, the costs of importing the production to China remain high as renminbi stays weak. Hence, prices of methionine are expected to remain stable even as demand is sluggish due to an underperforming poultry market.
 

 


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