Jul 16, 2003

 

Steady Prices In China Methionine Market Midweek

 

An eFeedLink Exclusive Report

 

Current offers for powder methionine in the China market are ranging from RMB 24.5-25.0 /kg.

Delivered-to-feedmill transactions were at around RMB 24.5 /kg, somewhat unchanged from last Friday¡¯s prices.

 

Market prices of liquid methionine were also stable, ranging from RMB 20.5-20.8 /kg.

 

The announcement by Adisseo last week that it has raised selling prices of methionine in Europe had minimal impact on the China market. Traders in China are seen making offers to feed millers at lower prices as supply is bigger than demand.

 

In another development, Novus announced an RMB1.00 /kg increase in selling prices of its liquid methionine on July 15.