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Evonik has completed its MetAMINO DL-methionine expansion at Singapore's Jurong Island, adding 40,000 metric tons for a total of 340,000 tons per year. The plant is back at full capacity after shutdowns in Q4 2023 and Q2 2024.
Added methionine capacity from a major producer increases global supply and is bearish for methionine prices, which are already under pressure.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.