Amino acids markets: Markets are stable with Q4 showing most activity
Not that many changes are seen in the amino acids market this week. The local market in China is stable and the FOB China prices for export remain stable to firm for lysine and threonine. Methionine, Valine and Tryptophan remain stable and the market for those products is quiet. Learn more in this week’s feed additives snapshot (week 27).
There is still no relief seen on the high(er) container rates ex China to the export regions. Local prices in Europe and USA for lysine and threonine are therefore still increasing and firm and demand for Q4 has been active in most regions.
In partnership with Feed Additive Prices
Lysine
Local prices in China remain relatively stable, while FOB China prices remain stable to firm for export. Local prices in Europe and the USA remain firm, and container freight costs continue to weigh heavily on the end price. Q3 is contracted and a good portion of Q4 is as well.
Here the market prices of 3 important amino acids are tracked – check it out…
Threonine
The FOB China prices remain relatively firm and with the higher container prices, the market for export regions remains firm. Q4 arrival needs to be contracted soon as lead times are 2 to 3 months still. The local China market is stable to relatively quiet. Container freight rates to several main ports continue to increase and no nearby relief is seen. Buyers are covered for most of Q3. There is a wait-and-see attitude for longer-term contracts, although slowly but surely a larger portion of Q4 is being contracted now.
DL-Methionine
No specific news or events to report. Methionine prices have been slightly weaker in most regions, but stabilising again currently, as higher container freight rates compensate for an earlier decline. In almost all regions, the market is quiet and contracted forward. Q3 is mostly contracted ahead and there is a wait-and-see attitude for Q4 still.
Tryptophan
No major changes are seen really on tryptophan. Prices are stable in most regions, and any recent weaker tone is now compensated by higher container freight rates. In local regions, like Europe, where Chinese suppliers do not have authorisations in place yet or where buyers won’t accept supply from Xinjiang origin, the local Western suppliers can keep higher prices. A good portion of Q3 is contracted but there is still a wait-and-see attitude for longer term contracts.
Valine
After a period of relatively rapid price decline, the FOB China prices seem to have stabilised, although at a low price level. Although the trend still looks weak. Markets in other regions seem to have stabilised as well as earlier price decline is now offset by high container freight rates which are priced in. The market is very quiet at the moment and only small spot buying activity is seen. A portion of Q3 is contracted, but nothing further ahead.
