The second half of 2024 saw a consistent upward trajectory in global DL-Methionine prices, with all major regions experiencing notable increases. The market dynamics were primarily driven by strong demand from end-user industries, particularly the animal feed sector, coupled with persistent supply chain challenges.
During Q3, North America and Europe recorded the highest price levels, while Asia-Pacific maintained relatively lower prices despite following the same upward trend. The market was significantly influenced by logistics disruptions, especially the ongoing Red Sea conflict, which led to increased freight costs and longer lead times. This prompted many buyers to engage in strategic stockpiling, further driving up demand and prices.
The fourth quarter witnessed an even steeper price increase as seasonal demand peaked, particularly in China's livestock feed sector. The resolution of the ILA strike in the US East Coast ports, while positive for operations, created a temporary surge in spot prices as importers rushed to replenish depleted inventories. The German market faced additional pressure from sharply rising Asia-Europe freight rates, which increased significantly due to carrier-imposed GRIs.
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The market for DL-methionine, an essential amino acid used in animal feed, is driven by several industrial factors, primarily by the demand for high-quality animal protein. Additionally, the growth of the global livestock industry, particularly poultry and swine sectors, directly influences DL-methionine consumption. Market trends such as increased meat consumption and advancements in animal nutrition science also contribute to the demand for DL Methionine in industrial applications.
The Asian countries witnessed a rough trajectory during the third quarter of 2023 in terms of DL-methionine prices. The market depreciated by a significant margin as industrial demand slowed down, and in view of these weak sentiments, the production rates also declined. The dim market scenario was further negatively influenced by the inadequate number of overseas orders and rising uncertainties in the market's economic growth. However, towards the end of the quarter, the purchasing activities increased, projecting a positive influence on the market.
The fourth quarter, however, showed mixed sentiments. Initially, the rise in prices was supported by the inclining cost of crude oil and swiftly declining inventories. Additionally, the downstream food and feed industries also established some stability in their market activities and thus increased their procurement rates of DL Methionine, giving the prices a boost. However, this spark in the market was short-lived as the number of new orders in both domestic and overseas markets started to decline in the middle of the fourth quarter, causing oscillations in the DL Methionine prices.
DL-Methionine is basically known as one of the 9 essential amino acids in humans (provided by food). It is derived from a butyric acid. DL-Methionine is needed for growth and tissue repair. It is involved in several detoxifying processes. Sulphur provided by methionine protects cells from pollutants, slows cell aging, and is essential for absorption and bioavailability of selenium and zinc.
C5H11NO2S or CH3S(CH2)2CH(NH2)COOH
Cigarettes, Drug for Urinary Acidifier, Food Additive, Dairy Products
Methionine, Racemethionine, Acimetion
Acros Organics, Choice Organochem Llp., Mitushi Bio Pharma, ELMED Life Sciences Pvt. Ltd
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
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This process includes the carbonation from 3-methylthiopropionaldehyde (MMP) and hydrogen cyanide (HCN), without forming co-products. This results in the formation of DL Methionine.
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