December 15, 2014
Weak trends prevail in China methionine market as supply crunch eases
Prices of methionine fell further during the week ending December 15.
Methionine prices continued to drop while buyers withheld buying in anticipation of lower prices. Moreover, with poultry markets staying on weak trends, feed millers were not motivated to stockpile high inventories of methionine.
Although hog market will likely recover gradually, poultry market will stay weak due to the threat of a likely bird flu outbreak. Overall demand is therefore poised to stay soft in the coming weeks.
RMB1=US$0.1616 (Dec 15)
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