Market expected to remain tight for near/mid term
The supply of methionine is expected to remain tight for several weeks. North America in particular is reporting a tight market following on-going disruption to output of one key raw material for methionine production.
In Europe, some large end users say they have contracted forward with a view to securing their Q4 2014 needs. Transaction prices for such contracts are around 3.25-3.30 EUR/KG depending on terms and conditions.
Offers for spot lost remain in a range 3.40-3.50 EUR/KG
End users in Europe say supply is tight but all deriveries are being executed on schedule.
Supply is expected to remain tight for the comming months as no significant additional capacity is expected to come to the market before earliest late Q4 2014.
One new facility in China continues to experience delays and is not expected to produce commercial volumes of Methionine during 2014.