September 24, 2021

 

China's emissions control policies lead to daily spikes in methionine prices

 


According to Chinese media reports, methionine prices have surged in the past few days, rising at least 400 RMB (~US$61.92; 1 RMB = US$0.15) to reach about 19,500-19,700 RMB/tonne (~US$3,018-3,049).


The main reason was cited to be policy control of carbon emissions in provinces including Shandong and Heilongjiang, which are based on coal and electricity indicators to meet carbon emissions targets for the year.


It was also reported that two lysine plants in Shandong province have received official documents to control 20% of their capacities.