Amino acids | Methionine prices stable and strong, inquiries increased and delivery dynamics to be focused
Effamall.com
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Key points:
Methionine market?prices have been stable?and strong. Inquiries have increased. Some manufacturers have decided to carry out their?maintenance plan in August 2022. Attention should be paid to?supply dynamics from factories.
Lysine?prices?have weakened and the quotations from factories have been steady. The inquiry has been sluggish?and tie-in purchase willingness has been low. Impacted by the Covid, attention should be paid to quotations from leading?manufacturers.
On 11/07/2022:
NHU?and CUC?offered methionine at RMB 21/kg.
CJ?increased the prices of feed grade tryptophan by 10%.?
The online voting last week initiated by Effamall.com showed that 22% of participants predicted a further price rise of?Threonine, 50% foresaw a drop, and 28% estimated a stable trend for a while.
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Price Updates
*Remarks:
Calculation Formula: RMB price/exchange rate/ (100%+13%), therein, 13% is VAT rebates for product export;?
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Exchange rates
<Source: https://www.boc.cn/sourcedb/whpj/>
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Company news
On Monday (11/07/2022), CBOT?soybean futures market closed with higher?prices, increasing by 7.5-10.75 cents. The price increase is due to the hot and dry weather occurred in the main soybean production areas, which is bad to the growth of soybean grains.
<Source:https://www.feedtrade.com.cn/soybean/soybean_future/news/2071746.html?Date: 12/07/2022>
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Market Information
Lysine
In European market, spot quotations of?both 98.5% L-lysine HCL?and 70% L-lysine sulfate?have been stable.
In Chinese market, quotations from factories have been stable. The inquiry has been sluggish?and tie-in purchase willingness has been low.?Impacted by the Covid, attention should be paid to quotations from leading?manufacturers.?
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Methionine
In Europe, the spot quotations for methionine have stabilized.
In China market, methionine market?prices have been stable?and strong. Inquiries have increased. Some manufacturers have decided to carry out their?maintenance plan in August 2022. Attention should be paid to?supply dynamics from factories.?On 11/07/2022, NHU?and CUC?offered methionine at RMB 21/kg.
Threonine
In Europe, there has been no change?in?spot quotations for threonine.
In China, the inquiries have trended?downwards, demand has been weak and purchasing willingness is low. Attention should be paid to production and export dynamics.
Valine
In European market, spot quotations for valine have?been steady.
In Chinese market,?end users’?demand has been weak and transactions have been average. Hand-to-mouth purchases are dominating the market.
Tryptophan
In European market, there has been?little change?in spot quotations?for tryptophan.
In Chinese market, the prices have been stable and weak with low downstream demand?and inactive transactions. Attention should be paid to production dynamics.?On 11/07/2022, CJ increased the prices of feed grade tryptophan by 10%.
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Other news
Freight
The degree to which US importers can negotiate lower service contract rates hinges on whether container lines can keep up spot rates, which are still three times higher than before the COVID-19 pandemic.
<Source:https://www.joc.com/maritime-news/container-lines/shippers-seek-lower-trans-pacific-contract-rates-spot-market-eases_20220711.html??Date: 12/07/2022>
<Source: https://finance.sina.com.cn/?>
Note: Global?futures data is “As of yesterday” due to time difference.
Note: Data for items with “*” is “As of yesterday”.
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