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December 14, 2016


China Methionine Weekly: Traders stand firm amid high import costs (week ended Dec 13, 2016)


An eFeedLink Exclusive

  

  
Price summary


Prices increased lately.


Price quotes of imported dl-methionine rose to the range of RMB27-28/kg, up by RMB0.50-1/kg.


For liquid methionine*, price quotes were softer in the range of RMB23-24/kg.

 

Weekly transacted prices of dl-methionine in China

Area

Nov 30 - Dec 6
(RMB/kg)

Dec 7 - Dec 13
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

27.00

28.00

1.00

Chengdu

27.00

27.00

0.00

Jinan

26.50

27.50

1.00

Nanjing

26.50

27.50

1.00

Shijiazhuang

26.50

27.50

1.00

Zhengzhou

26.50

27.50

1.00

Shenyang

27.00

27.50

0.50

Beijing

26.50

27.50

1.00

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

 

 

 

 

Weekly transacted prices of liquid methionine* in China

Area

Nov 30 - Dec 6
(RMB/kg)

Dec 7 - Dec 13
(RMB/kg)

Price change
(RMB/kg)

North

24.00

23.00

-1.00

Central

24.00

24.00

0.00

South

24.00

24.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1449 (Dec 13)


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

   
   
Market analysis


Volumes of imported methionine remained limited as CJ cut its supplies to China since October. Meanwhile, higher freight charges and a weak renminbi held up the costs of the imported products, hence prompting traders to lift price quotes.


In Europe, prices of methionine for 2017 Q1 deliveries remained stable at EUR2.42-2.50/kg.

  

Market forecast

Domestic demand for methionine should expand gradually, as poultry producers fatten animals before releases during January. This, in conjunction with high importing costs, will help to underpin methionine prices although buyers are likely to stay prudent.
 

 


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