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Evonik will reduce production at its DL-methionine plant on Jurong Island, Singapore, for three months in Q4 2023 to reach a construction milestone. A further three-month tie-in shutdown is planned for the first half of 2024.
The company says it has mitigation plans to supply MetAMINO from its global network.
Lower Singapore output during the shutdowns removes a major methionine supply source, which supports methionine prices and may tighten availability for Asian feed buyers.
evonik.comAnastasia Noryk, Nina PeckJul 25, 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.
