August 29, 2017

China methionine market firms up amid tightened availability

Prices of methionine moved higher during the week ending August 29.

Methionine availability tightened of late, prompting, both domestic and overseas producers to lift price quotes. Poultry feed producers, who had held inventories low, increased purchases amid concerns that prices might surge further.

July's exports jumped 54% to 6,297 tonnes.

For liquid methionine, price quotes were stable at RMB17.50/kg.

RMB1=US$0.1516 (Aug 29)

The full market report (with complete data) of this excerpt is available here.

All rights reserved. No part of this report may be reproduced without the permission of eFeedLink.