April 22, 2015
China methionine market lacks momentum amid poor feed demand, increased supply
Prices of methionine were stable to lower during the week ending April 20.
Demand was slower than expected as feed millers withheld purchases while the poultry sectors performed poorly. Meanwhile, supplies increased as more shipments arrived lately.
Price quotes of imported dl-methionine were lower in the range of RMB75-78/kg.
Methionine market should remain firm although the upward potential is limited.
RMB1=US$0.1613 (Apr 21)
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