March 28, 2017
 
Higher costs, improved export demand lift China threonine prices
 
An eFeedLink Exclusive         
 

Prices moved higher.
 

Prices of local threonine in China (RMB/kg)

Prices as of Mar 9 

Prices as of Mar 24 

Price change

8.80-10

9.70-10.20

+0.90 to +0.20

Prices are representative and for reference only.

RMB1=US$0.1453 (Mar 28)

 
Export demand for threonine strengthened, lending support to the market. Meanwhile, corn prices moved higher due to the government’s supportive measures, hence lifting the expenses of threonine production.
 
In Europe, price quotes for products delivered in Q2 were stronger at EUR1.38-1.42/kg.
 
While robust export demand helps to clear stocks, threonine producers will stand firm as output costs have increased. 
 


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