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China

December 28, 2017

China Methionine Weekly: Prices stay stable despite light demand (week ended December 25, 2017)
 
An eFeedLink Exclusive
 
 
Price summary

Prices remained flat.
 
Price quotes of imported dl-methionine were softer in the range of RMB21.50-23/kg.

For liquid methionine*, price quotes were unchanged around RMB18/kg.
 

Weekly prices of dl-methionine in China

Area

Dec 12 - Dec 18
(RMB/kg)

Dec 19 - Dec 25
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

23.00

23.00

0.00

Chengdu

23.00

23.00

0.00

Jinan

22.60

22.60

0.00

Nanjing

22.50

22.50

0.00

Shijiazhuang

22.50

22.50

0.00

Zhengzhou

22.50

21.50

-1.00

Shenyang

22.50

22.50

0.00

Beijing

22.50

22.50

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Dec 12 - Dec 18
(RMB/kg)

Dec 19 - Dec 25
(RMB/kg)

Price change
(RMB/kg)

North

19.00

18.00

0.00

Central

18.00

18.00

0.00

South 18.50 18.00 0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1529 (Dec 28))

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

Market analysis

Pre-New Year buying slowed as most feed producers, who were prudent have stocked sufficient inventories. Nonetheless, methionine traders and producers were reluctant to lower prices with profits limited.

In Europe, prices of China-produced methionine stayed in the range of EUR2.45-2.53/kg.
 
 
Market forecast

Export demand for Chinese methionine will fall as renminbi has appreciated significantly lately. With demand limited and supplies plentiful, methionine market will stay soft, compelling sellers to give discount even if they keep price quotes unchanged.
 

 


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