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Methionine prices continued to fall in Europe and China in July due to ample inventories and weaker end-consumer demand. Chinese buyers adopted hand-to-mouth purchasing, and new orders declined.
China's consumer price index fell 0.3% in July, reflecting deflation and weak domestic spending.
Falling methionine prices lower the cost of a key feed amino acid, but weak Chinese demand signals subdued animal feed consumption. Ample inventories suggest downward pressure on methionine prices may persist.
chemanalyst.comNina JiangAug 18, 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.
