July 14, 2020
China Methionine: Prices slide amid sluggish demand (week ended Jul 13, 2020)
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Market analysis
Methionine market stayed weak as overseas buyers continued to hold back purchases with the global economy in a bad shape. Locally, poultry feed producers were cautious in making purchases while demand showed no signs of improving.
Liquid methionine prices were at RMB14.10-19/kg.
Methionine sellers will be inclined to negotiate prices in attempts to promote sales. Prices are seen weak as buyers, who lose confidence in the markets, will continue to stay prudent.
Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/327/2005

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