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Market Price For Solid Methionine Week 52

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According to the preliminary statistics from the Data Research Department of Huitong:


The methionine market is stable and strong. The reference price range is 17.2-18 yuan/kg. The methionine plant of Sumitomo Ehime in Japan is closed for maintenance. Due to the staggered production in winter, the output of domestic manufacturers has decreased. Among them, the Xinhecheng methionine production line is scheduled to be overhauled in December. Zhou, Ningxia Unigroup’s operating rate will be reduced by 30% before March 2021. Recently, Evonik's quotation was 18 yuan/kg. This week, Xijie’s methionine production was suspended, and the market quotation was stable and strong.


Import status: In October 2020, my country imported 19,800 tons of solid methionine products, a month-on-month drop of 2916 tons, a drop of 13% and a year-on-year drop of 31%. In October 2020, my country imported 15,400 tons from Evonik, 321 tons from Sumitomo, and 2,627 tons from CJ. From January to October 2020, my country's methionine imports totaled 168,700 tons, and the top three countries for imports are Singapore, Belgium, and Malaysia. Imports from Singapore accounted for the highest proportion, followed by Belgium and Malaysia. In October 2020, my country's methionine imports were 37.21 million US dollars, down 31.5% year-on-year. The unit price of imports was 1.88 yuan/kg, a year-on-year decrease of 0.5%.

The price of eggs this week is 7.56 yuan/kg, up 5.18% from last week. The price of white feather chickens was 8.25 yuan/kg this week, down 0.45% from last week. The price of white feather broiler seedlings was 2.18 yuan per bird this week, down 23.28% from last week. In the past two weeks, the rain and snow weather have been blessed in many areas. The country's egg and poultry production continues to maintain the off-season. The overall egg supply continues to decline but is sufficient, and the demand continues to increase slowly. The meat and poultry breeding market continues to recover and increase. As the climate in various regions drops sharply, the growth cycle of meat and poultry breeding continues to be moderately extended, and the cost of breeding in winter increases.

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