August 13, 2003



Midweek Market Prices Of Methionine Fell Marginally In Some Areas


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There was not much activity in the China methionine market during the early part of the week. In some areas, market prices were slightly lower.


Current offers for powder methionine are around RMB 24.3-24.5 /kg. Transacted prices (delivered to feed mill) were mostly within the range of RMB 23.7-24.2 /kg.


Market prices of liquid methionine were stable, currently ranging from RMB 20.2-20.5 /kg.


In areas where prices fell, the declines were marginally lower by RMB 0.1-0.2 /kg.


There was market talk that a producer has revised its selling price to RMB 23.7 /kg, a significant discount to its previous selling price.


With the latest market development, traders said that methionine prices are likely to suffer small declines in the nearby term.