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Arkema announced it will double methyl mercaptan capacity at its Kerteh site in Malaysia, with the project due on stream in 2020. The company cites growth in animal feed, petrochemical and refining markets in Asia, which it expects to exceed 5% annually.
Methyl mercaptan is a key intermediate for methionine, so added capacity points to future methionine supply growth, a longer-term bearish factor for methionine prices.
arkema.comJul 11, 2017Not 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.
