December 13, 2011
China Methionine Weekly: Soft trends persist (week ended Dec 11, 2011)
An eFeedLink Exclusive
Price summary
Prices were lower.
Quotes for dl-methionine in the general markets fell to RMB36.50-37.50/kg, while average transacted prices (delivered to feed mill) dropped to RB36.60-37.30/kg.
Liquid methionine* quotes in the general market were lower in the range of RMB28-29/kg.
|
Weekly transacted prices of dl-methionine in China | |||
|
Area |
Week 48 |
Week 49 |
Price change |
|
Nov 28 - Dec 4 (RMB/kg) |
Dec 5 - Dec 11 (RMB/kg) | ||
|
Guangzhou |
37.70 |
37.10 |
-0.60 |
|
Chengdu |
37.50 |
37.00 |
-0.50 |
|
Jinan |
37.40 |
36.80 |
-0.60 |
|
Nanjing |
37.50 |
36.80 |
-0.70 |
|
Shijiazhuang |
37.50 |
36.90 |
-0.60 |
|
Zhengzhou |
37.20 |
36.60 |
-0.60 |
|
Shenyang |
37.60 |
37.00 |
-0.60 |
|
Beijing |
37.50 |
36.80 |
-0.70 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only. | |||
|
Weekly transacted prices of liquid methionine* in China | |||
|
Area |
Week 48 |
Week 49 |
Price change |
|
Nov 28 - Dec 4 (RMB/kg) |
Dec 5 - Dec 11 (RMB/kg) | ||
|
North |
29.40 |
28.70 |
-0.70 |
|
Central |
29.50 |
28.90 |
-0.60 |
|
South |
29.30 |
28.60 |
-0.70 |
|
Prices refer to delivered-to-feedmill prices, and are for reference only. | |||
*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
Global markets
In Europe, quotes for 2012 Q1 orders were unchanged at EUR3.42-3.45/kg amid reportedly weaker buying interest.
Market analysis
Both feed consumption and production shrank during November, hence decimating the demand for methionine this month. Methionine suppliers readily negotiated prices in a bid to attract buyers.
Market forecast
Prices of methionine have reduced by RMB3/kg since October. Prices should therefore fall at a slower rate despite lacklustre demand.
