January 28, 2014
Waning pre-festive demand softens China methionine prices
Prices of methionine were stable to lower during the week ending January 26
As most buyers have stockpiled ample inventories to last during the Chinese New Year holidays in February, sales of methionine reduced considerably of late.
Price quotes of imported dl-methionine were lower in the range of RMB32-34/kg.
Methionine market will be weak amid light trade in the coming period as feed millers gradually halt operation in preparation for the Chinese New Year.
RMB1=US$0.1653 (Jan 28)
The full market report (with complete data) of this excerpt is available here.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.