
Xinhecheng said in an investor relations reply that it has 370,000 tonnes of solid methionine capacity and an 180,000-tonne (pure basis) liquid methionine plant in a joint venture with Sinopec Zhenhai Refining. It reported higher year-on-year sales volume and average selling price for methionine in the first three quarters.
Methionine is a key feed amino acid, and large Chinese capacity affects global supply and pricing. The company describes steady demand, which is a routine statement rather than a new supply shock.
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.