June 3, 2020
China Methionine: Supply exceeds demand (week ended Jun 1, 2020)
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Even as some producers halted operation for routine maintenance, supplies of methionine were plentiful due to capacity expansion of the industry. With demand slack as poultry prices stayed weak, feed producers withheld the purchases of raw ingredients. Sellers cut prices of methionine amid stronger completion in attempts to boost sales.
Transacted price of locally-produced dl-methionine in China were in the range of RMB20.30-23/kg.
Despite the recent price falls, feed producers are unlikely to stock high methionine inventories with the poultry feed sales slow. Methionine market is poised to remain weak as supply exceeds demand.
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