According to data monitoring by the Business News Agency, the polyacrylamide commodity index stood at 93.13 on March 26, unchanged from yesterday, down 16.48% from the cycle’s highest point of 111.51 (2021-11-03), and up 12.35% from the lowest point of 82.89 on August 2, 2020. (Note: The cycle refers to 2019-04-01 to now)
Commodity market: According to data monitoring by the Business News Agency, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market fell slightly during the week of March 20-26, 2023. On March 20, the market reported around 15285.71 yuan/ton, while on March 26, the market reported around 15242.86 yuan/ton, down 0.28%. Polyacrylamide started normally, with sufficient inventory. Downstream demand was not strong, and there was too much supply and too little demand. The market for polyacrylamide remained stable and weak.
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Raw material acrylonitrile: According to data from the Business News Agency, the acrylonitrile market declined slightly during the week of March 20-26. According to data monitoring by Business News Agency, as of March 26, the bulk water price in the acrylonitrile market was 10325 yuan/ton, down 0.48% from 10375 yuan/ton at the beginning of the week. At present, the price of acrylonitrile from the tank is between 10200-10300 yuan/ton. The price of raw materials fell, and the cost of acrylonitrile continued to decline; The pressure on the supply side is still there, and the demand side has a rigid need for support; The acrylonitrile market is weak, with supply and demand slightly deadlocked. It is expected that the acrylonitrile market may continue to decline slightly in the future.
Raw Material Acrylic Acid: According to the data from the Business News Agency, the acrylic acid market fluctuated and fell during the week from March 20 to 26. On the first day, the main price in East China was 7975 yuan/ton, with an average price of 7250 yuan/ton on the 26th, a decrease of up to 9.09%. Recently, the price of raw material propylene has fluctuated and fallen, weakening cost support. In the current week, large factories at the supply end adjusted prices, while downstream procurement of raw materials was mainly based on demand. Actual market transactions were weak, and the focus of acrylic acid price negotiations was partially reduced. It is expected that acrylic acid light finishing will run in the short term.
Liquefied natural gas for production. According to data from Business News Agency, the price of domestic liquefied natural gas continued to decline during the week from March 20 to 26. As of March 26, the average price of domestic liquefied natural gas was 4252 yuan/ton, down 3.58% from the average price of 4412 yuan/ton on March 20. Cost support weakened due to lower feed gas prices in the city. Under cost pressure, domestic liquid prices have continuously declined. Currently, the market has sufficient supply and weak terminal demand. The heating season in the north is about to end, with a low industrial operating rate and a significant oversupply in the market. It is expected that the domestic LNG market will continue to be weak in the short term.
Future Forecast: Raw material and fuel prices have all fallen, and cost support has weakened. The polyacrylamide stock is sufficient, and under the economic environment, the demand for downstream demand orders continues to be weak. It is expected that the polyacrylamide market will continue to be weak in the short term in the future.
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