June 9, 2021
China Methionine: Producers cut prices to move sales (week ended Jun 7, 2021)
Buying interest was weak with the poultry markets underperforming. Producers lowered methionine prices amid bloating inventories in a bid to stimulate sales.
Methionine market will be under pressure with demand sluggish. Producers are likely to cut prices further in order to clear excess stocks.
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