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Evonik will reduce output at its DL-methionine plant on Jurong Island, Singapore, for three months in Q4 2023 and again for three months in H1 2024. The shutdowns are needed to tie in a 40,000-ton capacity expansion.
Evonik says it has mitigation plans to supply customers from its global network.
Two extended outages at a major Singapore methionine plant tighten near-term supply, which supports methionine prices until the expanded capacity comes online.
fareasternagriculture.comMadhuri RameshAug 1, 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.
