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December 13, 2008

China Methionine Weekly: Slack demand weakens prices (week ended Dec 12, 2008)
 
An eFeedLink Exclusive
 
 
Price summary

Prices were lower in most regions.

Quotes for dl-methionine in the general markets were at RMB49.00-50.50/kg. Overall, average transacted price (delivered-to-feed-mill) was RMB49.32/kg, down RMB0.66/kg compared with a week ago.

Liquid methionine* quotes in the general market had dropped to RMB39.00-40.50/kg while actual transacted prices (delivered-to-feed-mill) were at RMB38.50-40.00/kg.
 

Weekly transacted prices of dl-methionine in China

Area

Week 49

Week 50

Price change
(RMB/kg)

Nov 29 - Dec 5 (RMB/kg)

Dec 5 - Dec 12 (RMB/kg)

Guangzhou

49.50

49.05

-0.45

Chengdu

50.00

49.25

-0.75

Jinan

50.15

49.75

-0.40

Nanjing

50.00

49.40

-0.60

Shijiazhuang

50.00

49.25

-0.75

Zhengzhou

50.00

49.25

-0.75

Shenyang

50.20

49.35

-0.85

Beijing

50.00

49.25

-0.75

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

Weekly transacted prices of liquid methionine* in China

Area

Week 49

Week 50

Price change
(RMB/kg)

Nov 29 - Dec 5 (RMB/kg)

Dec 5 - Dec 12 (RMB/kg)

North

40.80

39.80

-1.00

Central

40.30

39.30

-1.00

South

39.80

38.80

-1.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1462 (Dec 13, 2008)
 
 
Global markets

In Europe, price quotes for methionine were at Euro4.40-4.45/kg, with large quantity transactions lower at Euro4.40-4.45/kg. Spot prices were at Euro4.60/kg or higher.
 
 
Market analysis
 
Methionine prices in China declined over the week as the outbreak of bird flu in southern China, including Hong Kong, depressed poultry feed demand.

Moreover, traders were maintaining minimal inventories, believing that methionine prices would weaken further with crude oil prices hovering at low levels.
 

Market forecast

Methionine prices in China are expected to move lower amid slack feed demand.
 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine

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


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