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Methionine prices rose sharply in Germany due to restricted supply and stronger demand from end-user industries. Slower methionine imports from China, along with Evonik's price increase for feed-grade DL-Methionine in Asia Pacific after maintenance and safety shutdowns, tightened inventories.
A weaker euro against the dollar also made imports more expensive.
Tighter European methionine supply and higher import costs support feed-grade amino acid prices, raising costs for compound feed formulators that use synthetic methionine.
chemanalyst.comFrancis StokesSep 7, 2023Not 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.
