Loading…
NHU announced on December 27, 2021 a agreement with Sinopec Zhenhai to invest about Rmb3bn in a methionine plant and form a 50/50 joint venture to run it. Analysts expect about 180,000t of new methionine capacity in 2022 and global demand growth of 5-6% a year.
Expected capacity additions ahead of demand growth point to intensifying competition and a supply surplus in the near term, which would weigh on methionine prices and feed additive margins.
m.gelonghui.comDec 28, 2021Not 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.
