November 30, 2016
China methionine sellers stand firm despite slack demand
Prices of methionine were mostly unchanged during the week ending November 29.
Poultry market remained weak, hampering the sales of methionine while feed consumption was slow. However, as import costs stayed high due to the depreciation of renminbi, most distributors and traders stood firm in efforts to maintain profit margins.
For liquid methionine, price quotes consolidated around RMB24/kg.
RMB1=US$0.1453 (Nov 30)
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