Since February 2020, the pig feed on sustained growth, particularly in April year-on-year decline narrowed, April 1 - sows and piglets feed feed up, indicates the year of pig feed throughout the year will be in a growth stage;Egg and meat and poultry feed feed continue to maintain double-digit year-on-year growth;The national feed production rose 8.4% in April, is expected to feed consumption of about 250 million tons, in the whole year of 2020 is expected to more than 2019 years.　　　

After entering in late April, meat and poultry breeding overheating situation began to ease, the early stage of the epidemic at home and abroad caused panic season to stock market speculation mood was fully released, the market demand of feed started weakening, along with the feed companies full resume work and production, the market gradually become rational, into the normal rhythm of pin.

Early in May and June, even though the pig feed still rose, but the price of eggs and poultry prices falling for several weeks, weak downstream demand, poultry feed of the slowdown in the growth rate, the early part of the feed enterprises exploitation effect appeared gradually, the downstream feed enterprises began to bearish feed additives market, purchasing strategy is based on the high inventories formed early exploitation in consumption is given priority to, on the sidelines will gradually thick.

In early April choline chloride price rebound from the bottom and choline mainstream manufacturers have signed a large number of orders, until late may, in the early stage of the delivery order is given priority to, the delivery is tight, bile alkali factory house with pretty average price point of view, put a low price with lighter will sign a new order.In June since mid-june in particular, as the previous order delivery is completed, a weaker market demand lead to fewer new orders, factory inventory gradually high, the intensity of competition between manufacturers in order to strive for new order increase, choline price appeared under a small scale, but with limited amplitude and has hit a cost face red line, since the beginning of April, after all, epoxy ethane and trimethylamine per ton rose by 1600 yuan and 400 yuan respectively, the increased cost of raw material is real, the cost surface in that place, also be the bottom line is introduced.