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
(RMB/kg)

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.

 

 

 

 

Weekly transacted prices of liquid methionine* in China

Area

Week 45

Week 46

Price change
(RMB/kg)

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.
RMB1=US$0.1573 (Nov 21)


*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.
 

 


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