Market Analysis - Annual Report -April, 2020- Florfenicol

Analyst : Steven

1.Overview of the Current Market Situation

In early April 2020, the price of FLORFENICOL was high in the beginning and the price was loose in late April. The details are as follows.

1.On the supply side, the current mainstream factories focus on pre-delivery orders, delivery is tight, and the delivery date is until mid to late May.

2.On the market side, affected by the COVID-19 epidemic, the overall demand in April was not high and there were few factory orders, the price is no longer so firm. Since late April, prices have dropped slightly, mainly because the market is weak, and the factory no longer insists on high levels, and the actual order is negotiable.

3.From the perspective of upstream raw material prices, after year the price of D-P-METHYL SULFONE PHENYL ETHYL SERINATE (CAS:36983-12-7) ester has been rising, However, due to the large increase in the price of florfenicol. The current price increase of D-P-METHYL SULFONE PHENYL ETHYL SERINATE (CAS:36983-12-7) has little effect on florfenicol API.

2.Factory capacity

3.Market Forecast for Next Month

In summary, it is expected that in May 2020, the price of florfenicol will fall. The price is expected to hover between 57.5-58USD / KG, the market demand is poor, the factory's willingness to get orders is obvious.The right to speak is at the demand side and the actual order is negotiable.