March 23, 2016
Tough competition weakens China methionine prices
Prices of methionine dipped further during the week ending March 21.
One major methionine producer slashed prices to below RMB29/kg, prompting others to follow suit. However, sales remained slow as plunging broiler prices and a weak egg market dampened the confidence of poultry feed producers, who withheld purchases of methionine.
Price quotes of imported dl-methionine dropped to the range of RMB29.50-31/kg.
RMB1=US$0.1541 (Mar 23)
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