November 21, 2018

China Methionine Weekly: Prices consolidate lower (week ended Nov 19, 2018)

An eFeedLink Exclusive
 

Price summary

Prices were stable to lower.
  
Price quotes of imported dl-methionine stayed in the range of RMB23-24/kg, falling RMB0-0.50/kg.

For liquid methionine*, price quotes remained at RMB15/kg.
 

Weekly prices of dl-methionine in China

Area

Nov 6 - Nov 12
(RMB/kg)

Nov 13 - Nov 19
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

24.00

24.00

0.00

Chengdu

24.00

23.50

-0.50

Jinan

23.50

23.50

0.00

Nanjing

23.50

23.50

0.00

Shijiazhuang

23.00

22.50

-0.50

Zhengzhou

23.50

23.50

0.00

Shenyang

23.50

23.50

0.00

Beijing

23.50

23.00

-0.50

 

Weekly transacted prices of liquid methionine* in China

Area

Nov 6 - Nov 12
(RMB/kg)

Nov 13 - Nov 19
(RMB/kg)

Price change
(RMB/kg)

North

15.00

15.00

0.00

Central

15.00

15.00

0.00

South

15.00

15.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1441 (Nov 21)


* Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 

Market analysis

Demand for methionine was soft as feed producers held back purchases prudently. Hence, even though sellers attempted to stand firm, methionine market weakened in several regions as traders cut prices to promote sales.

In Europe, prices of China-produced methionine stayed in the range of EUR2.09-2.12/kg.
 

Market forecast

Cautious mood of feed millers will hamper the sales of methionine. Nonetheless, with imports costly and export demand robust due to a weak renminbi, methionine prices are projected to remain stable.
 
 


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