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Market Reports

December 24, 2018

China Methionine Weekly: Market weakens amid lacklustre demand (week ended Dec 24, 2018)

An eFeedLink Exclusive
 

Price summary

Prices continued to fall.
  
Price quotes of imported dl-methionine slid to the range of RMB19.80-21/kg, down by RMB0.30-0.70/kg.

For liquid methionine*, price quotes were unchanged at RMB15/kg.
 

Weekly prices of dl-methionine in China

Area

Dec 11 - Dec 17
(RMB/kg)

Dec 18 - Dec 24
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

21.00

21.00

0.00

Chengdu

21.50

21.00

-0.50

Jinan

20.50

20.00

-0.50

Nanjing

20.80

20.50

-0.30

Shijiazhuang

20.50

19.80

-0.70

Zhengzhou

21.00

21.00

0.00

Shenyang

21.50

21.00

-0.50

Beijing

20.50

20.00

-0.50

 

Weekly transacted prices of liquid methionine* in China

Area

Dec 11 - Dec 17
(RMB/kg)

Dec 18 - Dec 24
(RMB/kg)

Price change
(RMB/kg)

North

15.00

15.00

0.00

Central

15.00

15.00

0.00

South

15.00

15.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1449 (Dec 24)

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

Market analysis

Bleak outlook of the livestock sectors dampened the buying interest for methionine. Producers, particularly those that need cash during year's end, were compelled to slash prices further.

In Europe, prices of China-produced methionine remained in the range of EUR2.09-2.12/kg.
 

Market forecast

With demand tepid, methionine prices are likely to move lower in the coming weeks as producers attempt to clear inventories. Unless producers cut production, methionine market is poised to stay weak with supply ample and buyers holding back purchases.
 

 


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