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December 10, 2018
 
China Methionine Weekly: Weak trends prevail (week ended Dec 3, 2018)
 
An eFeedLink Exclusive
 
 
Price summary

Prices moved lower.
 
Price quotes of imported dl-methionine dropped to the range of RMB22-23/kg, lower by RMB0.50-1/kg.
 
For liquid methionine*, price quotes remained stable at RMB15/kg.
 

Weekly prices of dl-methionine in China

Area

Nov 20 - Nov 26
(RMB/kg)

Nov 27 - Dec 3
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

24.00

23.00

-1.00

Chengdu

23.50

23.00

-0.50

Jinan

23.00

22.50

-0.50

Nanjing

23.00

22.50

-0.50

Shijiazhuang

22.50

22.00

-0.50

Zhengzhou

23.50

23.00

-0.50

Shenyang

23.50

23.00

-0.50

Beijing

22.50

22.50

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Nov 20 - Nov 26
(RMB/kg)

Nov 27 - Dec 3
(RMB/kg)

Price change
(RMB/kg)

North

15.00

15.00

0.00

Central

15.00

15.00

0.00

South

15.00

15.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1455 (Dec 10)


*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Sales of methionine were slack as feed millers continued to limit output and withhold ingredients purchases. Several traders who were eager to clear stocks cut prices in a bid to entice buyers.
 
In Europe, prices of China-produced methionine stayed in the range of EUR2.09-2.12/kg.
 
 
Market forecast
 
As buyers hold back buying, methionine market is set to remain soft. Moreover, export demand will soften as renminbi has appreciated lately.
 

 


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