January 12, 2021
China Methionine: Strong sales strengthen prices (week ended Jan 11, 2021)
Sales of methionine increased as buyers who were concerned about supplies due to the coronavirus pandemic in China expanded stocks. Meanwhile, expanding feed consumption due to preparation for the pre-Chinese New Year market boosted the usages of methionine.
Transacted price of locally-produced dl-methionine in China increased to the range of RMB14.90-17.80/kg.
Methionine hydroxy analogue prices were in the range of RMB12.70-15.50/kg.
Feed producers will continue to build methionine inventories so as to ensure stable supply. With production limited, methionine market is projected to stay firm in the coming period.
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