June 17, 2020
China Methionine: Prices weaken further (week ended Jun 15, 2020)
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As poultry farming suffered losses, sales of poultry feed were sluggish, hence limiting the demand for methionine. With production adequate, methionine market was under pressure during the week in review.
Price quotes of methionine in Europe were in the range of EUR2.35-2.40/kg.
Feed producers are unlikely to stock high inventories of methionine with poultry sales slack and the economic outlook of China bleak. Traders who are eager to promote sales are likely to cut prices further.
Full version of the report is available at https://spoutinfo.com/market-forecast-detail/29/32/327/1890
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