June 27, 2017
Increased demand underpins China methionine prices
Prices of methionine were unchanged during the week ending June 27.
As prices of poultry products strengthened, sales of feed remained stable, lending support to methionine market. Additionally, feed millers who were concerned that prices might move higher following the recent week's upsurge restocked depleted inventories while the product remained cheap.
Price quotes of imported dl-methionine remained stable in the range of RMB19.80-20.50/kg.
Demand for methionine is expected to stay stable as low prices stimulate demand.
RMB1=US$0.1462 (Jun 27)
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