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October 3, 2017
 
China Methionine Weekly: Sellers cut prices to move sales (week ended Sep 29, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
                      
Price quotes of imported dl-methionine fell to the range of RMB23-24/kg, down by RMB0-1.50/kg.
 
For liquid methionine*, price quotes stayed unchanged at RMB18-18.50/kg.
 

Weekly prices of dl-methionine in China

Area

Sep 13 – Sep 19
(RMB/kg)

Sep 20 – Sep 29(RMB/kg)

Price change
(RMB/kg)

Guangzhou

24.50

24.00

-0.50

Chengdu

24.50

24.00

-0.50

Jinan

24.00

23.00

-1.00

Nanjing

24.50

24.00

-0.50

Shijiazhuang

24.00

24.00

0.00

Zhengzhou

24.50

23.00

-1.50

Shenyang

24.00

23.50

-0.50

Beijing

24.00

24.00

0.00

 

Weekly transacted prices of liquid methionine* in China

Area

Sep 13 – Sep 19
(RMB/kg)

Sep 20 – Sep 29
(RMB/kg)

Price change
(RMB/kg)

North

18.50

18.50

0.00

Central

18.00

18.00

0.00

South

18.00

18.00

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.
RMB1=US$0.1505 (Oct 3) 


*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.
 
 
Market analysis
 
Most end-users withheld buying towards late September after stockpiling ample methionine supplies to last through the long holidays in early October. Additionally, softer poultry products prices dampened the confidence of buyers, subsequently hampering the sales of methionine. Distributors and traders who were eager to clear inventories cut prices considerably to entice buyers.
 
During August, China exported 7,255 tonnes of methionine, higher by 17% on-month. Meanwhile, imports surged 65% to 16,503 tonnes.
 
In Europe, prices of Chinese methionine were stable in the range of EUR2.70-2.80/kg.
 
 
Market forecast
 
Slack post-festive demand for livestock products will exert pressure on the poultry markets entering October. Methionine prices are likely to weaken further amid ample supplies and slow poultry feed demand.
 

 


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