November 21, 2011
China Methionine Weekly: Prices set to stay soft (week ended Nov 20, 2011)
An eFeedLink Exclusive
Price summary
Prices fall further.
Quotes for dl-methionine in the general markets dropped to RMB38.50-39/kg while transacted prices moved lower.
Liquid methionine* quotes in the general market fell by RMB0.20-0.30/kg to the range of RMB29.30-30/kg.
|
Weekly transacted prices of dl-methionine in China | |||
|
Area |
Week 45 |
Week 46 |
Price change |
|
Nov 7 - 3 (RMB/kg) |
Nov 14 - 20 (RMB/kg) | ||
|
Guangzhou |
38.90 |
38.70 |
-0.20 |
|
Chengdu |
39.00 |
38.70 |
-0.30 |
|
Jinan |
38.80 |
38.50 |
-0.30 |
|
Nanjing |
38.80 |
38.60 |
-0.20 |
|
Shijiazhuang |
38.80 |
38.40 |
-0.40 |
|
Zhengzhou |
38.60 |
38.20 |
-0.40 |
|
Shenyang |
39.00 |
38.70 |
-0.30 |
|
Beijing |
38.90 |
38.50 |
-0.40 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only. | |||
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|
|
|
|
Weekly transacted prices of liquid methionine* in China | |||
|
Area |
Week 45 |
Week 46 |
Price change |
|
Nov 7 - 3 (RMB/kg) |
Nov 14 - 20 (RMB/kg) | ||
|
North |
30.20 |
30.10 |
-0.10 |
|
Central |
30.30 |
30.10 |
-0.20 |
|
South |
30.20 |
29.90 |
-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 2012 Q1 orders were at EUR3.42-3.45/kg while large-scale buyers reported receiving offers at RMB3.40/kg.
Market analysis
Limited feed consumption in China decimated methionine demand, dragging down prices over the week.
Market forecast
China methionine prices are unlikely to pick up with feed demand weak and one new local producer ready to begin production early next year.
