March 4, 2020
 
China Methionine Weekly: Limited availability, strong demand strengthen prices (week ended Mar 2, 2020)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved higher.
                             
Price quotes of imported dl-methionine were increased substantially in the range of RMB19.50-21//kg.
 
For liquid methionine*, price quotes stayed at RMB15/kg.
                                 

Weekly prices of dl-methionine in China

Area

Price as of Feb 24
(RMB/kg)

Price as of Mar 2
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

-

-

-

Chengdu

19.60

20.00

0.40

Jinan

19.00

20.00

1.00

Nanjing

19.00

19.50

0.50

Shijiazhuang

19.50

19.80

0.30

Zhengzhou

-

-

-

Shenyang

21.00

21.00

0.00

Beijing

18.60

20.00

1.40

 

Weekly transacted prices of liquid methionine* in China

Area

Price as of Feb 24
(RMB/kg)

Price as of Mar 2
(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$0.1439 (Mar 4)

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Buyers were eager to secure supplies as deliveries and production were inconsistent due to the Covid-19 epidemic. With backup stocks low, producers lifted prices considerably lately. Market participants reported that price quotes of an imported brand surged to RMB22/kg.
 
In Europe, prices of methionine were at EUR1.83/kg.
 
 
Market forecast
 
The operation rates of methionine plants remain low hence limiting the availability of the product. Prices of methionine are seen stable to higher with demand exceeding supply.
 

 


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