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CnAgri analysis says global threonine capacity reached about 1 million tonnes in 2016 against demand of roughly 0.5 million tonnes. China holds about 70% of capacity, and its operating rate was only 54% in 2016, with most output exported.
Planned expansions would push global capacity to 1.4-1.5 million tonnes by 2018.
Growing excess capacity, especially in China, points to continued export-driven price pressure on feed threonine. Feed buyers can expect cheap supply to persist, though the forecast is a multi-year projection rather than a near-term shock.
en.cnagri.comAug 23, 2017Not 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.
