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Jefferies downgraded Evonik Industries to hold from buy and cut its 2027 EBITDA forecast by 9% to below €2 billion as Strait of Hormuz supply disruptions lift its earnings fade. Methionine prices have already fallen 43% from their April peak in China, 31% in Europe and 15% in the US.
Reuters reported that Evonik rejected two BASF takeover offers.
Methionine is a key amino acid in poultry feed, so its falling prices ease feed formulation costs for buyers. The fading Middle East supply premium points to further downside in methionine prices.
au.investing.comNavamya AcharyaNov 11, 2026
ca.investing.comNavamya AcharyaNov 11, 2026Not 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.
