December 24, 2018

China methionine market weakens amid lacklustre demand


Prices of methionine continued to fall during the week ending December 24.

Bleak outlook of the livestock sectors dampened the buying interest for methionine. Producers, particularly those that need cash during year's end, were compelled to slash prices further.

Price quotes of imported dl-methionine slid to the range of RMB19.80-21/kg, down by RMB0.30-0.70/kg.

With demand tepid, methionine prices are likely to move lower in the coming weeks as producers attempt to clear inventories.

RMB1=US$0.1449 (Dec 24)


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