Market Analysis - Monthly Report - November, 2020 - Florfenicol

 1.Overview of the Current Market Situation

① On the market side, in November, China's domestic demand for florfenicol was hot, and the terminal was willing to take the goods. Affected by the high domestic trade demand, foreign trade inquiries also improved compared to last October.

② On the supply side, mainstream manufacturers continue to supply shortages and insufficient supply in the market has exacerbated price increases.

③Upstream raw materials rose month-on-month, which intensified the price increase of florfenicol.

2.Factory capacity

3.Market Forecast for Next Month

In summary, it is expected that in December 2020, the supply situation will be difficult to alleviate, and the price of florfenicol will continue to rise, and the estimated price is 61-62USD/KG.