November 27, 2018

China Methionine Weekly: Prices slide slowly but surely (week ended Nov 26, 2018)

An eFeedLink Exclusive
 

Price summary

Prices softened of late.
  
Price quotes of imported dl-methionine weakened to the range of RMB22.50-24/kg, sliding RMB0-0.50/kg.

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

Weekly prices of dl-methionine in China

Area

Nov 13 - Nov 19
(RMB/kg)

Nov 20 - Nov 26
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

24.00

24.00

0.00

Chengdu

23.50

23.50

0.00

Jinan

23.50

23.00

-0.50

Nanjing

23.50

23.00

-0.50

Shijiazhuang

22.50

22.50

0.00

Zhengzhou

23.50

23.50

0.00

Shenyang

23.50

23.50

0.00

Beijing

23.00

22.50

-0.50

 

Weekly transacted prices of liquid methionine* in China

Area

Nov 13 - Nov 19
(RMB/kg)

Nov 20 - Nov 26
(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 27)


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

Market analysis

Trade was light in methionine market as buyers were reluctant to increase stockpiles in view of sufficient availability. Even though producers attempted to hold prices firm, traders lowered asking prices in attempts to move sales.

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

Market forecast

Methionine prices will remain weak as feed millers are not keen to place orders while the outlook of livestock markets is bleak. Should demand drop further, traders are likely to cut prices more prominently to stimulate sales.
 
 


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