It is hoped that the current trend on Glutamine prices would keep moving it down. However we hear that Meihua is confident in its sales for 2013 and does not want to see price falling.
There are not many players in the world and certainly not a raft of producers in China where in fighting would collapse prices due to excess production. See current state of Vitamin C market.
We think as traders take positions at current levels that prices may even rise again.
European buyers may not see anticipated lowering as hoped.
CPHI trade fair in Madrid is on this week and we hope to have up to date news about amino acid situation. New world demand is emerging from SE Asia as amino acids stay in good demand.