February 9, 2023
 

China Methionine: Increased availability slashes prices (week ended Feb 6, 2023)

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Methionine producers cut prices as Adisseo's liquid methionine production with its new plant commencing operation. Producers cut prices prominently amid stronger competition and slack demand. increased.

China imported 23,000 tonnes of methionine in December 2022, lower by 2.3% on-month, but increased by 4.3% compared with a year ago.

Transacted price of locally produced dl-methionine in China dipped to the range of RMB15.20-20.30/kg.

Methionine hydroxy analogue prices softened to the range of RMB12.70-15.20/kg.

Export prices of dl-methionine slid to US$2.47/kg.

Higher availability, in conjunction with weak demand, will exert pressure on methionine market..

Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/327/4633

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