Commodity market: According to the Commodity Market Analysis System of Shengyi Society, the mainstream market for polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ion degree) in China was weak in January. On the 30th, the main market price was around 12960 yuan/ton, and on the 1st, it was around 13000 yuan/ton, with a monthly decline of 0.31%. This month, the raw material acrylonitrile has risen, the acrylic acid market has risen, the fuel market has risen, the cost of polyacrylamide is supported, the main production areas are operating normally, the market supply is abundant, and the mainstream market trend of polyacrylamide is weak.
Raw material acrylonitrile: In January, the acrylonitrile market first fell and then rose. As of January 30th, the average price of acrylonitrile was 7650 yuan/ton, an increase of 2% from 7500 yuan/ton on January 1st. The price of raw material propylene has risen, and the cost supports acrylonitrile; The downstream domestic ABS industry has a large and stable load with small fluctuations, and the continuous rise in prices supports acrylonitrile.
Raw material acrylic acid: The price of acrylic acid continued to rise in January. Recently, the cost price of propylene has continued to rise strongly, providing good cost support for the acrylic acid market. Under the support of costs, the quotations from factories and cargo holders are relatively firm, and the willingness to ship at low prices is not strong, resulting in a decrease in low-priced supply in the market.
Liquefied natural gas for production. The domestic liquefied natural gas market prices saw a significant increase in January. As of January 30th, the average price of liquefied natural gas was 3610 yuan/ton, an increase of 9.33% from 3302 yuan/ton on January 1st. Affected by persistent low temperature weather, the demand for heating in northern regions is strong, supporting the consumption of LNG.
Market forecast: In January, the prices of raw materials acrylonitrile and acrylic acid will rise, the fuel market will rise, and the cost of polyacrylamide will increase. On the supply side, enterprises in the main production areas are operating normally, and the market supply is abundant; On the demand side, downstream procurement and supply remain flat, with stable market transactions being the main focus. At present, the market is still in a situation of oversupply, and it is expected that domestic polyacrylamide sorting will be the main focus in the near future.
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