October 30, 2018
China methionine market under inflationary pressure as renminbi depreciates
Prices of methionine rose significantly during the week ending October 29.
Import volumes of methionine decreased prominently while the costs soared with renminbi depreciating and freight charges on the rise.
Price quotes of imported dl-methionine soared to the range of RMB23.50-25/kg.
Methionine prices are seen strong as demand exceeds supply.
RMB1=US$0.1437 (Oct 30)
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