December 13, 2018

China Methionine Weekly: Traders cut prices to stimulate sales (week ended Dec 10, 2018)
 
An eFeedLink Exclusive
 
 
Price summary

Prices dipped further.
  
Price quotes of imported dl-methionine fell to the range of RMB20.80-22/kg, lower by RMB1-1.20/kg.

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

Weekly prices of dl-methionine in China

Area

Nov 27 - Dec 3
(RMB/kg)

Dec 4 - Dec 10
(RMB/kg)

Price change
(RMB/kg)

Guangzhou

23.00

22.00

-1.00

Chengdu

23.00

22.00

-1.00

Jinan

22.50

21.50

-1.00

Nanjing

22.50

21.50

-1.00

Shijiazhuang

22.00

20.80

-1.20

Zhengzhou

23.00

22.00

-1.00

Shenyang

23.00

22.00

-1.00

Beijing

22.50

21.50

-1.00

 

Weekly transacted prices of liquid methionine* in China

Area

Nov 27 - Dec 3
(RMB/kg)

Dec 4 - Dec 10
(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$0.1453 (Dec 13)

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

Market analysis

Poultry feed producers remained prudent, limiting the purchases of methionine while sales were below expectations. Although producers stood firm while producing to meet previously concluded orders, traders cut prices in efforts to entice buyers.

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

Market forecast

Tepid sales will hold down the prices of methionine even though producers who are facing low inventory pressure may attempt to lift prices. Traders who are keen to compete to close deals will negotiate prices readily.
 

 


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