March 11, 2020
 
China Methionine Prices stay firm as production remains low (week ended Mar 9, 2020)
                                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to higher.
                             
Price quotes of imported dl-methionine were increased substantially in the range of RMB19.50-24//kg.
 
For liquid methionine*, price quotes stayed at RMB15/kg.
 

Weekly prices of dl-methionine in China

Area

Price as of Mar 2
(RMB/kg)

Price as of Mar 9
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

-

-

-

Chengdu

20.00

20.50

0.50

Jinan

20.00

24.00

4.00

Nanjing

19.50

19.50

0.00

Shijiazhuang

19.80

19.80

0.00

Zhengzhou

-

-

-

Shenyang

21.00

22.00

1.00

Beijing

20.00

20.00

0.00

                                 

Weekly transacted prices of liquid methionine* in China

Area

Price as of Mar 2
(RMB/kg)

Price as of Mar 9
(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$0.1438 (Mar 11)

 
*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 limited due to low production levels. Producers and traders who had limited stocks to offer lifted prices prominently. Feed millers stayed cautious as the outlook of the broiler sector was uncertain while the food and beverage business was severely affected.
 
In Europe, prices of methionine remained at EUR1.83/kg.
 

Market forecast
 
Methionine market is set to stay firm with supplies tight and delivery costs moving higher. Even as fee producers make purchases cautiously, prices are expected to rise further.
 

 


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