October 3, 2011
China Methionine Weekly: Supply cut talk spurs buying (week ended Oct 2, 2011)
An eFeedLink Exclusive
Price summary
Prices were stable to higher.
Quotes for dl-methionine in the general markets were around RMB39.00-39.50/kg. Overall, average transacted price (delivered-to-feed-mill) remained in the range of RMB39.50-40.20/kg.
Liquid methionine* quotes in the general market were unchanged at RMB30.50-31.20/kg.
|
Weekly transacted prices of dl-methionine in China | |||
|
Area |
Week 38 |
Week 39 |
Price change |
|
Sep 19 - 25 (RMB/kg) |
Sep 20 – Oct 2 (RMB/kg) | ||
|
Guangzhou |
39.60 |
39.70 |
0.10 |
|
Chengdu |
39.30 |
39.50 |
0.20 |
|
Jinan |
39.30 |
39.30 |
0.00 |
|
Nanjing |
39.30 |
39.60 |
0.30 |
|
Shijiazhuang |
39.20 |
39.30 |
0.10 |
|
Zhengzhou |
39.30 |
39.40 |
0.10 |
|
Shenyang |
39.50 |
39.70 |
0.20 |
|
Beijing |
39.40 |
39.40 |
0.10 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only. | |||
|
Weekly transacted prices of liquid methionine* in China | |||
|
Area |
Week 38 |
Week 39 |
Price change |
|
Sep 19 - 25 (RMB/kg) |
Sep 20 – Oct 2 (RMB/kg) | ||
|
North |
30.60 |
30.70 |
0.10 |
|
Central |
30.90 |
31.00 |
0.10 |
|
South |
30.70 |
31.00 |
0.30 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only. | |||
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
Global markets
In Europe, quotes for Q4 orders were flat at EUR3.48-3.55/kg after one producer resumed operation following its maintenance halt.
Market analysis
China's methionine market was stable as pre-festive inventory stockpiling started earlier amid rumours that one producer might reduce supplies. However, price hikes were limited by the cautious buying mood.
Market forecast
Methionine market in China will be underpinned by the stocking activities before National Day holidays. In the longer term, weak crude oil prices and slow feed demand will weigh on methionine prices.
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