March 15, 2016
Lacklustre demand weighs on China methionine prices
Prices of methionine moved lower during the week ending March 14.
Despite surging broiler prices, low profitability of layer farming decimated the demand for methionine. DL-methionine distributors and traders stood firm after the recent week's price cuts.
Price quotes of imported dl-methionine were in the range of RMB30-31/kg.
Overall demand for methionine is unlikely to increase by a lot even though feed millers are expected to restock inventories in the coming period.
RMB1=US$0.1537 (Mar 15)
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