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Kemiex partner Stefan Schmidinger says contracting for third and often fourth quarter is largely complete, with sideways trading expected in the second half of 2021 after commodity prices retreated from first-half highs. Chinese ingredient makers reported mixed first-half results, with amino acid and vitamin B1 producers posting strong profits while some vitamin manufacturers saw sharp profit drops.
Ocean freight rates have surged again since June and are forecast to remain elevated into the August-October peak season.
Easing raw material prices and a stronger dollar versus the yuan may slow feed additive cost inflation, though freight costs and peak-season demand keep a floor under prices. Methionine buyers should watch the expected fallout from the US anti-dumping ruling.
krotoson.blogspot.comKanca DepanJul 22, 2021Not enough comparable past events yet for a historical read.
Not 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.
