October 6, 2020
China Methionine: Subdued demand, flat prices (week ended Oct 5, 2020)
Market analysis
Demand for methionine waned during the last week of September, as most feed millers have stocked ample inventories. Prices consolidated lower with supply exceeding demand.
Transacted price of locally-produced dl-methionine in China were stable to lower in the range of RMB14-16.50/kg. Imported products were in the range of RMB16.70-17.50/kg.
Diminished animal population, resulting from high September releases, will hamper the sales of methionine after the long holidays. Prices of methionine are expected to move lower..
Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/327/2342

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