March 28, 2017
 
China Methionine Weekly: Slow demand improvement fails to lift prices (week ended Mar 28, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed stable.
                      
Price quotes of imported dl-methionine were unchanged in the range of RMB22.80-23.50/kg.
 
For liquid methionine*, price quotes remained at RMB18.50-19/kg.
 

Weekly prices of dl-methionine in China

Area

Mar 15 - Mar 21
(RMB/kg)

Mar 22 - Mar 28
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

23.50

23.50

0.00

Chengdu

23.50

23.50

0.00

Jinan

22.80

22.80

0.00

Nanjing

23.00

23.00

0.00

Shijiazhuang

23.00

23.00

0.00

Zhengzhou

22.80

22.80

0.00

Shenyang

22.80

22.80

0.00

Beijing

23.00

23.00

0.00

                               

Weekly transacted prices of liquid methionine* in China

Area

Mar 15 - Mar 21
(RMB/kg)

Mar 22 - Mar 28
(RMB/kg)

Price change
(RMB/kg)

North

19.00

19.00

0.00

Central

19.00

19.00

0.00

South

18.50

18.50

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1455 (Mar 28) 

 
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Feed millers expanded inventories cautiously as the bird flu epidemic showed signs of subsiding. Nonetheless, the overall transaction remained limited, resulting in flat prices while supplies were abundant.
 
During February, China imported 16,760 tonnes of methionine, 13% lower compared with January. Meanwhile, exports jumped 48% to 2,511 tonnes.
 
In Europe, prices of methionine for Q2 2017 deliveries were flat in the range of EUR2.45-2.50/kg although one producer lifted price quotes.
 
 
Market forecast
 
Sales of poultry feed should improve as the disease situation improves in China. Prices are seen stable to modestly higher amid increased usages of methionine.  However, sharp hikes in prices are unlikely as distributors and producers compete to clear excess inventories.
 

 
 
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