February 22, 2017
 
Lacklustre feed demand decimates China threonine sales
 
An eFeedLink Exclusive    
     
 
Prices moved lower.
 

Prices of local threonine in China (RMB/kg)

Price quotes as of Jan 26

Price quotes as of Feb 17

Price Changes 

10-11

9.20-10

-0.90 to -1 

Prices are representative and for reference only.
RMB1=US$0.1453 (Feb 22)


Demand for animal feed was weak due to diminished inventories following high releases in the period leading to Chinese New Year. Threonine producers continued to lower prices, while corn costs dropped, in efforts to entice buyers.
 
In Europe, price quotes of Chinese products slid to EUR1.40-1.50/kg.
 
Threonine market is poised to remain soft in the coming weeks with the livestock industry at its annual lull. Moreover, pots-Chinese New Year recovery will be slower than usual this year as China's economic outlook is uncertain.
 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.