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Methionine prices have fallen for over a year on demand weakness and supply overhang, reaching levels unsustainable for producers. Chinese producer NHU postponed start-up of a 150,000 t/a DL-methionine expansion, and Chinese methionine exports to Europe doubled year-on-year in January-April.
Oversupply of methionine keeps feed additive prices under pressure, lowering feed formulation costs for buyers, though the postponed Chinese capacity could tighten supply later.
agnavigator.comJane ByrneMay 25, 2023Not enough comparable past events yet for a historical read.
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.
