Kemiex operates an electronic trade and information platform and network and its clients include professional bulk buyers, traders and producers of feed/food additives and active ingredients.
“As the industry consolidates further, DSM successfully executed its M&A playbook with the acquisition of Biomin and Romer Labs from Austria-based Erber Group.
“It is a perfect business and culture fit, and strategically adds to previous transactions that aim at securing technology, raw material supply, as well as distribution and advisory capabilities,” commented Schmidinger
Meanwhile, German chemicals giant, BASF, is facing some challenges with Vitamin A and AD3, noted the Kemiex lead.
“Clients reported that some deliveries from long-term contracts were impacted by production issues that are unlikely to be resolved before year-end. The news led to some spot buying at elevated levels. However, irrational price spikes did not materialize because some of the issues were known for months,” Schmidinger told FeedNavigator.
In general market developments, he reported that companies have closed most of their supply contracts for the second half of 2020, some even into early 2021. “Few supply imbalances or late arrivals have been reported to us.”
Amino acids
European amino acids have been trading mostly flat, while methionine and tryptophan of Chinese origin have begun to decline, added the Kemiex representative.
China is expected to issue a statement on the methionine anti-dumping probe soon, while European importers are following European Commission authorizations on lysine closely as import restrictions enter into force, he added.
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June 15, 2020 at 06:39PM
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Feed additive market trends: Supply side remains robust, all the buzz is about DSM and BASF - FeedNavigator.com
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