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
(RMB/kg)

Price as of Feb 24
(RMB/kg)

Price change
(RMB/kg)

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
(RMB/kg)

Price as of Feb 24
(RMB/kg)

Price change
(RMB/kg)

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.
RMB1=US$0.1423 (Feb 25)


*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.
 

 


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