February 28, 2020
China Methionine Weekly: Production stays low; buyers tread prudently (week ended Feb 24, 2020)
An eFeedLink Exclusive
Price summary
Prices were mostly stable.
Price quotes of imported dl-methionine were stable to higher in the range of RMB18.50-21//kg.
For liquid methionine*, price quotes remained unchanged at RMB15/kg.
|
Weekly prices of dl-methionine in China | |||
|
Area |
Price as of Feb 17 |
Price as of Feb 24 |
Price change |
|
Guangzhou |
- |
- |
- |
|
Chengdu |
19.60 |
19.60 |
0.00 |
|
Jinan |
19.00 |
19.00 |
0.00 |
|
Nanjing |
19.00 |
19.00 |
0.00 |
|
Shijiazhuang |
19.50 |
19.50 |
0.00 |
|
Zhengzhou |
- |
- |
- |
|
Shenyang |
20.50 |
21.00 |
0.50 |
|
Beijing |
18.60 |
18.60 |
0.00 |
|
| |||
|
Weekly transacted prices of liquid methionine* in China | |||
|
Area |
Price as of Feb 17 |
Price as of Feb 24 |
Price change |
|
North |
15.00 |
15.00 |
0.00 |
|
Central |
15.00 |
15.00 |
0.00 |
|
South |
15.00 |
15.00 |
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
The availability of methionine remained tight due to transportation difficulties, prompting traders in the northeast to lift prices. However, as the situation continued to improve with more producers resuming operation, methionine market was stable in most regions. Worth noting, the production volumes remained low due to lack of workers and delayed deliveries of raw ingredients.
Meanwhile, feed producers stayed cautious as the broiler markets remained weak while the poultry population decreased tremendously.
In Europe, prices of methionine stayed unchanged at EUR1.83/kg.
Market forecast
Methionine prices are seen stable to higher with production staying limited. In the longer term, diminished poultry feed consumption will decimate the sales of methionine, hence limiting the upward scope of the market.
