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December 6, 2017

China Methionine Weekly: Prices stable despite improved demand (week ended Nov 27, 2017)
 
An eFeedLink Exclusive
 

Price summary

Prices were stable to higher.
 
Price quotes of imported dl-methionine remained in the range of RMB22.50-23/kg, higher by RMB0-0.50/kg.

For liquid methionine*, price quotes were stable to higher at RMB18-18.50/kg.
 

Weekly prices of dl-methionine in China

Area

Nov 14 - Nov 20
(RMB/kg)

Nov 21 - Nov 27
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

23.00

23.00

0.00

Chengdu

22.50

23.00

0.50

Jinan

22.50

22.60

0.10

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 14 - Nov 20
(RMB/kg)

Nov 21 - Nov 27
(RMB/kg)

Price change
(RMB/kg)

North

18.50

18.50

0.00

Central

18.00

18.00

0.00

South

18.00

18.50

0.50

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1514 (Nov 28)


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

Market analysis

Increased feed intake of layers boosted the production of feed. Buying interest for methionine improved as feed producers restocked depleting inventories. However, cautious mood of byers and ample supplies held prices unchanged in most regions.

In Europe, prices of China-produced methionine stayed stable in the range of EUR2.50-2.60/kg.
 

Market forecast

As poultry feed producers expand stockpiles of methionine, prices are likely to move higher. However, sharp price hikes are unlikely with the availability of methionine ample and buyers treading prudently.
 

 


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