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December 20, 2008
 
China Methionine Weekly: Prices down on lower crude oil, feed demand (week ended Dec 19, 2008)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were lower in most regions.
 
Quotes for dl-methionine in the general markets were at RMB49.00-50.00/kg. Overall, average transacted price (delivered-to-feed-mill) was RMB48.84/kg, down RMB0.48/kg compared with a week ago.

Liquid methionine* quotes in the general market had dropped to RMB39.00-40.00/kg while actual transacted prices (delivered-to-feed-mill) were at RMB38.50-39.50/kg.
 

Weekly transacted prices of dl-methionine in China

Area

Week 50

Week 51

Price change
(RMB/kg)

Dec 5 - Dec 12 (RMB/kg)

Dec 13 - Dec 19 (RMB/kg)

Guangzhou

49.05

48.50

-0.55

Chengdu

49.25

48.90

-0.35

Jinan

49.75

49.00

-0.75

Nanjing

49.40

48.90

-0.50

Shijiazhuang

49.25

48.80

-0.45

Zhengzhou

49.25

48.80

-0.45

Shenyang

49.35

49.00

-0.35

Beijing

49.25

48.80

-0.45

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

Weekly transacted prices of liquid methionine* in China

Area

Week 50

Week 51

Price change
(RMB/kg)

Dec 5 - Dec 12 (RMB/kg)

Dec 13 - Dec 19 (RMB/kg)

North

39.80

39.50

-0.30

Central

39.30

39.00

-0.30

South

38.80

38.50

-0.30

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1461 (Dec 20, 2008)
 
 
Global markets
 
In Europe, 1Q2009 price quotes for methionine were at Euro4.40-4.50/kg, with large quantity transactions lower at Euro4.35/kg. Market participants expect spot supplies to improve next year.
 
 
Market analysis
 
Feed millers were extremely cautious in procurement as feed demand weakened and expect prices to move lower with more falls in crude oil prices during past week.

Meanwhile, profits of swine raisers were squeezed amid declining pork prices while poultry inventories dwindled further as the bird flu disease spread northward from the southern regions to Jiangsu province.
 
 
Market forecast

China methionine market is seen weaker with declining feed demand.
 

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

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