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Methionine prices have bottomed in the RMB 16.5-18/kg range as new Chinese capacity comes online and supply stays abundant. European quotations fell to 1.75-1.82 euros/kg, and China's methionine imports fell about 2% year-on-year in January-July 2020.
Abundant supply and weak import demand keep methionine prices low, which lowers feed formulation costs for poultry and swine buyers.
honrayco.comOct 26, 2020Not 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.
