Weekly amino acids | Spot Prices of amino acids weak and demand low from downstream in Chinese market
Market information this week With the influence of limiting electricity and coal consumption from the execution of Dual Control and carbon emission control policies, production of threonine and lysine in all regions will be continuously interrupted, which has brought more inquiries and stable transactions in the market. Methionine market has been stable but weak recently. Factories have been arranging delivery and dealers have been active in destocking as well. Currently, the market is experiencing quick change. The actual downstream demand is low, but delivery slowdown from factories due to the execution of Dual Control measures, outbreak of the pandemic in multiple places, extreme weather in certain regions, and reduced transportation capacity which has been partly diverted to coal transport, have led to tight supply. Inquiries have remained stable while distribution prices have softened. Lysine This week, quotations for 70% L-Lysine sulfate and 98.5% L-lysine HCL have decreased in Europe. In China, delivery of 70% L-lysine from some manufacturers has been alleviated although it remained strained for the rest. Spot prices and orders of 98.5% L-lysine HCL have remained stable and supply has been tight. End users’ enthusiasm has declined. Close attention should be paid to factory delivery dynamics. Methionine This week, data shows that methionine market prices have decreased in European market. Factory quotations have remained high and delivery has been slow in China. Inquiry has stayed stable. Downstream enthusiasm has declined and dealers have been active in destocking. Attention should be paid to delivery from factories. Threonine This week, threonine market prices have been stable in Europe. In China market, inquiry has tended to be weak, and supply has been tight. Production and export status should be underscored. Valine This week, a stable price performance has been seen in European market. Downstream demand has been weak and transactions have been low in China. Tryptophan This week, there has been no change in spot quotations in European market. Supply and logistics have been restricted in Europe. In Chinese market, downstream demand has been weak and transactions have been average. Production and export dynamics should be paid attention to. Other news this week As per the message from Sumitomo Chemical Co., Ltd. to its customers, due to the delay in the shut-down maintenance, the restart of production lines of DL-Methionine in Japan will be postponed.
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