October 18, 2016
China methionine prices tumble to three year lows amid excess supply
Prices of methionine dipped prominently during the week ending October 17.
Sales of methionine were poor as feed millers refused to increase stockpiles while the poultry markets. Distributors and traders slashed prices to three-year low levels in efforts to entice buyers but in vain.
Price quotes of imported dl-methionine slid to the range of RMB24.80-26/kg, lower by RMB0.50-1.20/kg.
The market will continue to be under pressure.
RMB1=US$0.1464 (Oct 18)
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