China’s import volume of methionine was declined by 24.94% MoM in Oct. 2015. The average import price hit a record low in this year，according to CCM .
According to China Customs, the import data of methionine (HS code: 29304000) in Oct. 2015:
-
Import volume: 11,959.72 tonnes, down by 24.94% MoM
-
Import value: USD39.37 million, down by 36.82% MoM
-
Average import price: USD3,291.50/t, much lower than USD3,91 0.02/t in Sept.
The import price kept falling, but the import volume didn't increase subsequently. CCM analyzed that as traditional peak season of farming industry ended, weak demand from downstream markets affected methionine price. In Oct., the market price of methionine was falling for 6 consecutive months.
In Oct., the imported methionine came from 6 origins. The imports from France saw the highest MoM growth, and the imports from Germany witnessed the highest MoM fall. China didn’t import from the US and Croatia. In Sept., the import volume from the mentioned two origins reached 800.04 tonnes (the US) and 46.60 tonnes (Croatia).
Import origins for China's methionine, Oct. 2015
|
Origin
|
Volume in Oct, tonne
|
Volume in Sept, tonne
|
MoM change
|
|
Belgium
|
4,260.00
|
4,360.00
|
-2.29%
|
|
Malaysia
|
2,669.00
|
2,856.00
|
-6.55%
|
|
Singapore
|
2,560.00
|
3,540.00
|
-27.68%
|
|
France
|
1,407.00
|
950.00
|
48.11%
|
|
Japan
|
1,023.72
|
3,141.85
|
-67.42%
|
|
Germany
|
40.00
|
240.00
|
-83.33%
|
Source: China Customs
Importers
-
Evonik Degussa (China) Co., Ltd.: 6,820 tonnes
-
CJ (Shanghai) Trading Co., Ltd.: 2,669 tonnes
-
Adisseo Life Sciences Product (Shanghai) Co., Ltd.: 1,400 tonnes
These three ones imported 11,529 tonnes, accounting for 91.05% of the total imports. Among the importers, Evonik Degussa (China) Co., Ltd. recorded the largest decline, a MoM fall of 2,067 tonnes.
The top 6 import ports for methionine in China were as follow: 4,315.00 tonnes in Qingdao port, 2,865.00 tonnes in Huangpu port, 1,220.00 tonnes in Shenyang port, 916.22 tonnes in Shanghai port, 840.00 tonnes in Tianjin port and 680.00 tonnes in Dalian port.
Import trend of China's methionine, Jan. 2014-Oct. 2015
Source: China Customs
If you would like to know more about the methionine market, you could have a look at our product: Amino Acids China News.
About CCM:
CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta. CCM is a brand of Kcomber Inc.
For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.
Tag: methionine