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MARKET

December 6, 2017

China Methionine Weekly: Prices flat while traders clear stocks (week ended December 4, 2017)
 
An eFeedLink Exclusive
 

Price summary

Prices remained stable.

Price quotes of imported dl-methionine stayed unchanged in the range of RMB22.50-23/kg.

For liquid methionine*, price quotes were higher at RMB18.50-19/kg.
 

Weekly prices of dl-methionine in China

Area

Nov 21 - Nov 27
(RMB/kg)

Nov 28 - Dec 4
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

23.00

23.00

0.00

Chengdu

23.00

23.00

0.00

Jinan

22.60

22.60

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

Nov 21 - Nov 27
(RMB/kg)

Nov 28 - Dec 4
(RMB/kg)

Price change
(RMB/kg)

North

18.50

19.00

0.50

Central

18.00

18.00

0.00

South

18.50

18.50

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1511 (Dec 4)

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

Demand for methionine was stable as poultry feed producers were more confident to step up production with the prices of broilers rising. However, traders who were eager to clear stocks held down prices, hence limiting the upward scope of methionine market.

China's methionine export dropped substantially by 11% in October, totalling 6,295 tonnes. Imports plunged a whopping 40% to a mere 7,033 tonnes.

In Europe, prices of China-produced methionine were unchanged in the range of EUR2.50-2.60/kg.
 
 
Market forecast

Despite sharply lower imports in October, methionine supplies are expected to be stable with local production capacity sufficient. Prices are seen soft in the near term, as traders attempt to clear inventories. However, the downward scope of the market will be limited as demand is projected to pick up gradually.
 

 


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