December 6, 2016
Firm demand, higher import costs strengthen methionine prices in China
Prices of methionine moved higher during the week ending December 6.
As export demand for methionine firmed up due to the depreciation of renminbi, Chinese producers lifted prices while inventories shrank. Meanwhile, local feed millers increased stockpiles, even as the poultry market showed little signs of improving, amid concerns that prices might rally like lysine.
Price quotes of imported dl-methionine rose to the range of RMB26.50-27/kg, higher by RMB0.50-1/kg.
RMB1=US$0.1453 (Dec 6)
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