February 1, 2017
China Methionine Weekly: Prices unchanged in while market stays quiet (week ended Jan 27, 2017)
An eFeedLink Exclusive
Price summary
Prices remained stable.
Price quotes of imported dl-methionine were in the range of RMB25-25.50/kg.
For liquid methionine*, price quotes stayed stable at RMB21-23/kg.
|
Weekly prices of dl-methionine in China | |||
|
Area |
Jan 18 - Jan 24 |
Jan 25 - Jan 27 |
Price change |
|
Guangzhou |
25.50 |
25.50 |
0.00 |
|
Chengdu |
25.50 |
25.50 |
0.00 |
|
Jinan |
25.00 |
25.00 |
0.00 |
|
Nanjing |
25.30 |
25.30 |
0.00 |
|
Shijiazhuang |
25.20 |
25.20 |
0.00 |
|
Zhengzhou |
25.00 |
25.00 |
0.00 |
|
Shenyang |
25.20 |
25.20 |
0.00 |
|
Beijing |
25.20 |
25.20 |
0.00 |
|
Weekly transacted prices of liquid methionine* in China | |||
|
Area |
Jan 18 - Jan 24 |
Jan 25 - Jan 27 |
Price change |
|
North |
21.00 |
21.00 |
0.00 |
|
Central |
23.00 |
23.00 |
0.00 |
|
South |
23.00 |
23.00 |
0.00 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only. | |||
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
Market analysis
Trade was light as most feed millers have halted operation. Traders and producers held prices unchanged in view of weak sales even if prices were lower.
During December, China exported 4,321 tonnes of methionine, plunging 25% on-month. Imports increase 3.7% to 13,254 tonnes for the month.
In Europe, prices of methionine for 2017 Q1 deliveries slid to the range of EUR2.32-2.40/kg.
Market forecast
Methionine market will be under pressure after the festive holidays as demand for feed will fall to annual low levels. Moreover, poultry markets will continue to underperform due to the bird flu epidemic, hence curtailing the sales of methionine.
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