December 13, 2018
Chinese traders cut methionine prices to stimulate sales
Prices of methionine dipped further during the week ending December 10.
Poultry feed producers remained prudent, limiting the purchases of methionine while sales were below expectations.
Price quotes of imported dl-methionine fell to the range of RMB20.80-22/kg, lower by RMB1-1.20/kg.
Tepid sales will hold down the prices of methionine even though producers who are facing low inventory pressure may attempt to lift prices.
RMB1=US$0.1453 (Dec 13)
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