DL Methionine Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

DL-Methionine Price Trend for Second Half of 2023

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.

DL-Methionine Price Chart

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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.

Analyst Insight

According to Procurement Resource, the price of DL-Methionine is expected to fall in the footsteps of the downstream fragrance and beauty industries, which have been on a positively inclining journey for the past few quarters.

Procurement Resource provides latest prices of DL Methionine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.