End-of-year inventory of methionine: domestic VS import, and see how the wind changes

2016 domestic methionine market is the concentrated release of production capacity, competition is particularly fierce a year, domestic surge imports are not willing to show weakness, in the situation of oversupply, the first three quarters of this year methionine prices continued in the low volatility consolidation can be described as looking for cold and deserted miserable, the first three quarters of the Although interspersed with oil depot fire speculation, stop-and-repair overlay Japan earthquake, Nanjing factory production failure and a series of episodes, are just set off waves flowers, failed to block the market decline trend, the current methionine market price rebounded to 25-25.5 yuan / kg, compared with the beginning of the year there is still a 24% declineOctober exchange rate again jumped down, nearly two weeks Degusai manufacturers to raise the price, market news said Andy Su because of production failure on the liquid egg stop report, this week the market rebounded again, is the same formula, is also familiar with the taste, this round of rebound will set off how much wind and waves, first with the small editor Huan huan to understand the next 2016 methionine competitive pattern changes!Wvc
Wvcdomestic production gradually increasedWvc2016 domestic methionine is in strong shape, of which Ningxia Ziguang Phase I 50,000 tons of methionine project has been running well since it was completed and put into operation, the first phase of 2016 near full-load production (see figure below), the second phase of 50,000 tons of projects in the second quarter of this year, the proportion of production capacity rose again, more than half the domestic supplyAnd Weifang new and into the first phase of 50,000 tons of methionine from the end of June began trial, products or at the end of the market, the domestic market share battle continues to play outWvc
Wvcthe 2015 Dalian Sumitomo Liquid Egg Factory and Ziguang Chongqing Factory demolition, while Andisu domestic Nanjing Liquid Egg Factory production capacity doubled to 140,000 tons, in late 2015 began production, affected by the impact of the domestic liquid egg imports in the last two years fell sharply, Novishi, Sumitomo Liquid Egg market share was squeezedOver the past two years, with the release of Evonik's Singapore plant, Hi-Jie Malaysia plant and new domestic capacity, and Evonik's Singapore plant and manufacturers such as New And Cheng, there are plans to continue to expand production, the Asian region will gradually shift from a sales area to a production areaWvc
According to customs data (see figure below), domestic methionine exports in 2016 showed a trend of price increaseands, including august export growth significantly (including Ziguang and Andesu), August 2016 China's methionine exports of 6120 tons, an increase of 2289 tons, an increase of 2842 tons, the average export price of 2977 U.Sdollars / ton, down 36% yoy, and recently Andy Su performance report due to decline in the price of methionineIn January-August 2016, China's methionine exports totaled 283,000 tons, an increase of 6224 tons year-on-year Wvc
Wvc Wvc import share changed Wvc imported methionine in 2016, methionine imports in September 2016 was 149.8 million tons, the total import of methionine in January-September was 13.126 million tons, an increase of 143.3 million tons, mainly from Xixi The import volume of Jay and Andesu has increased significantly, with the Hijmalaysia plant in Malaysia, which has been in operation since the end of March 2015, with China being its main sales market, and the import volume of Xijie L methionine in January-September 2016 was 188,000 tons, an increase of 8985 tons, an increase of nearly doubled, and has gained a place in the import share And Andy Su because of the previous year's technical failure of the import base is low, this year's increase in imports is more obvious Wvc
　　Evonik remained the largest manufacturer of imports in 2016, at 716.8 million tons, and Sumitomo's import stake continued to decline (see figure below), noting that the import volume of Chijay methine dropped sharply to 544 tons in September, a decrease of 2240 tons month-on-month, and Andisu imports of 500 Tons, month-on-month reduction of 540 tons, the end of September Hi-Jie said that plans to reduce the supply of methionine 50% in October, the last two months methionine decline rate is too fast, domestic first-level import agents have been losing money, recently manufacturers raised prices to support its sales mentality, the follow-up small editor will continue to track manufacturers import changes Wvc
Wvc exchange rate depreciation has disturbed Wvc the recent exchange rate market can be described as thrilling, the RMB exchange rate against the u.S dollar price hit a new low domestic panic spread, since the 811 exchange rate reform in 2015, the exchange rate of the median marketization increased, the RMB against the U.S dollar has rebounded, the central mother in the foreign exchange market and war and retreat, as of August 2016, the cumulative depreciation of nearly 10% Starting on October 1 this year, the RMB officially joined the SDR currency basket, accompanied by another sharp fall in the RMB exchange rate against the us dollar, experienced a property market boom and stock market plunge, in the continued overshoot of the currency and the economic downward pressure, in the face of the Federal Reserve interest rate hike and foreign withdrawal, safe haven also need to protect the value of the safe haven, tired of not like to catch the runner more and more, capital outflow accelerated exchange rate depreciation expectations strengthened, which the central government will not sit on the recent capital control For feed raw materials, the exchange rate continued to depreciate to the domestic manufacturers' products exports, theoretically increase the cost of imports, fish meal, soybean meal, DDGS have taken the opportunity to raise prices, relative to the supply and demand of the depreciation of interest rates on the import of raw materials market is more of a mental impact Wvc
　　In summary, exchange rate depreciation, manufacturers price increases, low downstream inventory and other factors to promote the recent bottom of the methionine market price rise, short-term methionine market is strong, but supply pressure is like a cage, the annual demand for domestic fixed eggs roughly about 180,000 tons, liquid eggs (unfolded) demand about 55,000 tons, January-September Fixed egg imports of 131.26 million tons, an increase of 143,000 tons, the current monthly production of domestic solid eggs has been able to meet about a quarter of domestic demand, domestic dependence on imported methionine weakened, Shandong new and methionine products or enter the market at the end of the year, the five-legged market will also face another full This week Andy Su due to production failure on the liquid egg products stopped reporting, for the methionine market to add a positive factor, in early August this year Andy Su had a production failure repair time of nearly two weeks, this time to repair how long the small editor also do not understand Understand is that if no big accident affects the supply is difficult to break through this layer of cage, the previous year's surge and plunge trend is difficult to replicate, and thesmall editor thinks that the big probability of this round of rebound trend for short-term rise, the increase is limited Wvc 2016 domestic methionine market is a production capacity concentrated release, competition is particularly fierce a year, domestic momentum of strong imports are not willing to show weakness, in the situation of oversupply, the first three quarters of this year methionine prices continue to be in the low level of shock consolidation can be said to be looking for cold and cold sad, the first three Although the quarter interspersed with oil depot fire speculation, stop-and-end maintenance overlay Japan earthquake, Nanjing factory production failure and a series of episodes, are just set off waves flowers, failed to block the downward trend of the market, the current methionine market price rebounded to 25-25.5 yuan / kg, compared with the beginning of the year there is still a 24% decline October exchange rate again jumped down, nearly two weeks Degusai manufacturers to raise the price, market news said Andy Su because of production failure on the liquid egg stop report, this week the market rebounded again, is the same formula, is also familiar with the taste, this round of rebound will set off how much wind and waves, first with the small editor Huan huan to understand the next 2016 methionine competitive pattern changes! Wvc
Wvc domestic production gradually increased Wvc 2016 domestic methionine is in strong shape, of which Ningxia Ziguang Phase I 50,000 tons of methionine project has been running well since it was completed and put into operation, the first phase of 2016 near full-load production (see figure below), the second phase of 50,000 tons of projects in the second quarter of this year, the proportion of production capacity rose again, more than half the domestic supply And Weifang new and into the first phase of 50,000 tons of methionine from the end of June began trial, products or at the end of the market, the domestic market share battle continues to play out Wvc
Wvc the 2015 Dalian Sumitomo Liquid Egg Factory and Ziguang Chongqing Factory demolition, while Andisu domestic Nanjing Liquid Egg Factory production capacity doubled to 140,000 tons, in late 2015 began production, affected by the impact of the domestic liquid egg imports in the last two years fell sharply, Novishi, Sumitomo Liquid Egg market share was squeezed Over the past two years, with the release of Evonik's Singapore plant, Hi-Jie Malaysia plant and new domestic capacity, and Evonik's Singapore plant and manufacturers such as New And Cheng, there are plans to continue to expand production, the Asian region will gradually shift from a sales area to a production area Wvc
　　According to customs data (see figure below), domestic methionine exports in 2016 showed a trend of price increaseands, including august export growth significantly (including Ziguang and Andesu), August 2016 China's methionine exports of 6120 tons, an increase of 2289 tons, an increase of 2842 tons, the average export price of 2977 U.S dollars / ton, down 36% yoy, and recently Andy Su performance report due to decline in the price of methionine In January-August 2016, China's methionine exports totaled 283,000 tons, an increase of 6224 tons year-on-year Wvc
Wvc Wvc import share changed Wvc imported methionine in 2016, methionine imports in September 2016 was 149.8 million tons, the total import of methionine in January-September was 13.126 million tons, an increase of 143.3 million tons, mainly from Xixi The import volume of Jay and Andesu has increased significantly, with the Hijmalaysia plant in Malaysia, which has been in operation since the end of March 2015, with China being its main sales market, and the import volume of Xijie L methionine in January-September 2016 was 188,000 tons, an increase of 8985 tons, an increase of nearly doubled, and has gained a place in the import share And Andy Su because of the previous year's technical failure of the import base is low, this year's increase in imports is more obvious Wvc
　　Evonik remained the largest manufacturer of imports in 2016, at 716.8 million tons, and Sumitomo's import stake continued to decline (see figure below), noting that the import volume of Chijay methine dropped sharply to 544 tons in September, a decrease of 2240 tons month-on-month, and Andisu imports of 500 Tons, month-on-month reduction of 540 tons, the end of September Hi-Jie said that plans to reduce the supply of methionine 50% in October, the last two months methionine decline rate is too fast, domestic first-level import agents have been losing money, recently manufacturers raised prices to support its sales mentality, the follow-up small editor will continue to track manufacturers import changes Wvc
Wvc exchange rate depreciation has disturbed Wvc the recent exchange rate market can be described as thrilling, the RMB exchange rate against the u.S dollar price hit a new low domestic panic spread, since the 811 exchange rate reform in 2015, the exchange rate of the median marketization increased, the RMB against the U.S dollar has rebounded, the central mother in the foreign exchange market and war and retreat, as of August 2016, the cumulative depreciation of nearly 10% Starting on October 1 this year, the RMB officially joined the SDR currency basket, accompanied by another sharp fall in the RMB exchange rate against the us dollar, experienced a property market boom and stock market plunge, in the continued overshoot of the currency and the economic downward pressure, in the face of the Federal Reserve interest rate hike and foreign withdrawal, safe haven also need to protect the value of the safe haven, tired of not like to catch the runner more and more, capital outflow accelerated exchange rate depreciation expectations strengthened, which the central government will not sit on the recent capital control For feed raw materials, the exchange rate continued to depreciate to the domestic manufacturers' products exports, theoretically increase the cost of imports, fish meal, soybean meal, DDGS have taken the opportunity to raise prices, relative to the supply and demand of the depreciation of interest rates on the import of raw materials market is more of a mental impact Wvc
　　In summary, exchange rate depreciation, manufacturers price increases, low downstream inventory and other factors to promote the recent bottom of the methionine market price rise, short-term methionine market is strong, but supply pressure is like a cage, the annual demand for domestic fixed eggs roughly about 180,000 tons, liquid eggs (unfolded) demand about 55,000 tons, January-September Fixed egg imports of 131.26 million tons, an increase of 143,000 tons, the current monthly production of domestic solid eggs has been able to meet about a quarter of domestic demand, domestic dependence on imported methionine weakened, Shandong new and methionine products or enter the market at the end of the year, the five-legged market will also face another full This week Andy Su due to production failure on the liquid egg products stopped reporting, for the methionine market to add a positive factor, in early August this year Andy Su had a production failure repair time of nearly two weeks, this time to repair how long the small editor also do not understand Understand is that if no big accident affects the supply is difficult to break through this layer of cage, the previous year's surge and plunge trend is difficult to replicate, and thesmall editor thinks that the big probability of this round of rebound trend for short-term rise, the increase is limited Wvc