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)

The full market report (with complete data) of this excerpt is available here.

All rights reserved. No part of this report may be reproduced without the permission of eFeedLink.