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Home > Chemial News > Echemi Analysis > Market Analysis - Monthly Report - May, 2020 - Paracetamol

Market Analysis - Monthly Report - May, 2020 - Paracetamol

Echemi 2020-06-04

Overview of the Current Market Situation

In May 2020, the price of paracetamol is stable, the main reasons are as follows
1.In May, the supply end received fewer orders, and the factory mainly focused on delivery. The current delivery date is in late July.
2.From the upstream raw materials, the main raw material for paracetamol in May, 4-Aminophenol, is currently stable in price. From the perspective of upstream raw material costs, paracetamol does not have
the possibility of a sharp rise.
3.On the downstream demand side, there is currently little demand in the downstream market, and customers are waiting for the factory to deliver early orders. The lack of downstream demand has caused the current price to not continue to rise.


 

Market Review of May(1)

 

 

Price Offer and Factory Operation


Factory

Capacity

Market

 Lu'an

40,000 MT

Different quotation strategies varying from Europe, Africa, South America and Southeast Asia.

BBCA

15,000 MT

 

Uniform quotations are implemented in various markets and their product cannot be exported to Europe.

 Hebei Jiheng (Group) Pharmaceutical

20,000 MT

African markets can be quoted normally, and other markets have specialized agents

Bofa

15,000 MT

The quality of the products is lower than that of similar manufacturers. They mainly export to low-end market.


 

Market Review of May(2)

 

 

Market Forecast


Factor

Explanation

Market demand

At precent, the market demand is not large, and customers mainly wait for the factory to deliver the confirmed orders.

Inventory

Major factories currently do not have spot stock, mainly to deliver confirmed orders.

Factory determination to raise prices

Poor market demand in May, no possibility of price increase.

Upstream raw materials

The price of Anhui Bayi Chemical's 4-Aminophenol is stable.


In June 2020, the price of paracetamol is expected to remain stable in general, and the price of barrels is between 5.2USD / KG-5.3USD / KG. Before the factory orders are delivered in the middle of July, that is, there is no possibility of a substantial price reduction.



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