June 23, 2020
China Methionine: Slack poultry feed demand decimates sales (week ended Jun 22, 2020)
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Feed producers were reluctant to make purchases while the outlook of poultry markets, particularly that of the egg market, was bleak. With supplies abundant, a handful of seller negotiated prices in efforts to close deals.
Transacted price of locally-produced dl-methionine in China slid to the range of RMB18.40-21.50/kg.
Methionine market is poised to remain weak with the domestic sales of poultry feed limited and the global market weakening.
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