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The US Department of Commerce set preliminary anti-dumping duties of up to 135% on methionine imports from Japan, France and Spain. A final determination is due in May 2021.
Novus also suspended most operations at its Chocolate Bayou, Texas plant that makes the HMTBa methionine analogue.
Tariffs and the plant shutdown tighten US methionine supply, leaving buyers with fewer options and forcing them to pay higher prices.
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.