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Evonik China announced a net price increase of RMB 2 per kilogram on MetAMINO DL-methionine 99% feed grade for China, effective immediately. All existing contracts and supply agreements will be honored.
A direct price increase for methionine in China raises the cost of formulating poultry and swine feed there, supporting higher amino acid costs for integrators.
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.