Market Analysis - Monthly Report - June, 2020 - Florfenicol

Overview of the Current Market Situation

In June 2020, the price of florfenicol dropped significantly, and the market demand was insufficient. The details are as follows.

1.Market: The demand in the downstream market is slowly recovering, supply exceeds demand, and the market wait-and-see attitude is dominant.

2.The output of the factory side overflowed, and the supply exceeded the demand. Each factory fought a price war and prices plummeted.

3.The factory began to stop production and maintenance in mid-July, customers with production needs please prepare the inventory in advance.

4.From a vertical point of view, the current US dollar price of florfenicol has been the lowest in the past three years, and the price will not fall unrestricted. Please seize the opportunity to stock up.

2.Factory capacity

1. Market Forecast for Next Month

In summary, it is expected that in July 2020, the price of florfenicol will continue to fall, and the price is expected to hover between 50~51USD/KG, and there will be no increase. However, it should be noted that the period before the factory stops production is a good time to store goods at a low level. Customers who have just needed or plan to stock up should prepare for stocking in September.