April 11, 2017
China Methionine Weekly: Market stays soft on cautious demand, stable supply (week ended Apr 10, 2017)
An eFeedLink Exclusive
Price summary
Prices stayed flat.
Price quotes of imported dl-methionine were unchanged in the range of RMB22.30-23/kg.
For liquid methionine*, price quotes were stable to lower at RMB18.50-19/kg.
|
Weekly prices of dl-methionine in China | |||
|
Area |
Mar 29 – Apr 4 |
Apr 4 – Apr 10 |
Price change |
|
Guangzhou |
22.70 |
22.70 |
0.00 |
|
Chengdu |
23.00 |
23.00 |
0.00 |
|
Jinan |
22.30 |
22.30 |
0.00 |
|
Nanjing |
22.70 |
22.70 |
0.00 |
|
Shijiazhuang |
22.50 |
22.50 |
0.00 |
|
Zhengzhou |
22.30 |
22.30 |
0.00 |
|
Shenyang |
22.50 |
22.50 |
0.00 |
|
Beijing |
22.50 |
22.50 |
0.00 |
|
| |||
|
Weekly transacted prices of liquid methionine* in China | |||
|
Area |
Mar 29 – Apr 4 |
Apr 4 – Apr 10 |
Price change |
|
North |
19.00 |
18.50 |
-0.50 |
|
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. | |||
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
Market analysis
Demand for methionine was stable as the poultry sector recovered from the bird flu epidemic even though cautious mood of feed millers limited sales. However, as one new producer gave discounts in efforts to gain a foothold in the market, methionine prices remained soft.
In Europe, prices of methionine for Q2 2017 deliveries were in the range of EUR2.35-2.50/kg.
Market forecast
Methionine prices are projected to be soft with supplies abundant due as new facilities in China are ready for production. Moreover, poultry feed producers will not be motivated to step up production as the recovery of the livestock market is weak.
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