August 12, 2020
China Methionine: Prices stabilise amid decreased output (week ended Aug 10, 2020)
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Market analysis
Demand for methionine improved lately as feed producers increased stockpiles. With production limited as, prices of methionine stabilised while producers stood firm.
Liquid methionine prices stayed in the range of RMB13.40-17.40/kg.
Methionine prices should remain around current levels as producers are reluctant to give discounts. Nonetheless, with poultry market staying soft and the capacity of the industry high, prices are unlikely to rise tremendously.
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