According to the data monitoring of the Business News Agency, the polyacrylamide commodity index on February 20 was 94.36, down 0.08 points from yesterday, down 15.38% from the highest point of 111.51 points in the cycle (2021-11-03), and up 13.84% from the lowest point of 82.89 points on August 2, 2020. (Note: the period refers to April 1, 2019 to now)

Commodity market: According to the data monitoring of the Business News Agency, the mainstream market price of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market in the middle of February 2023 was stable and slightly decreased, of which the market price was about 15542.86 yuan/ton on the 1st of this month and 15452.86 yuan/ton on the 20th, with a range of 0.64%. From this month to now, the polyacrylamide manufacturers have sufficient stocks, the downstream demand is general, and the market is not strong enough. Some enterprises have slightly adjusted their prices. Although the production costs of raw materials acrylonitrile and acrylic acid have been reduced, their market trend is upward due to the strong downstream demand; Due to the weak downstream demand of polyacrylamide, its market is mainly stable and weak.

Raw material acrylonitrile: according to the data of the Business News Agency, the market price of acrylonitrile continued to decline in mid-February. As of February 20, the bulk water price of acrylonitrile market was 10525 yuan/ton, down 1.41% from 10675 yuan/ton on February 11 at the beginning of this decade; Among them, the highest price of the stage is 10675 yuan/ton on February 20, and the lowest price is 10525 yuan/ton on February 20. The price of acrylonitrile raw materials fell slightly, while the cost side declined slightly; The stable production and commencement of the downstream have a strong need for support for acrylonitrile, but the downstream has a slight resistance to high-priced sources of goods. It is expected that the acrylonitrile market will consolidate in a narrow range in the short term.

Acrylic acid as raw material: According to the data of the Business Agency, the acrylic acid market in the middle of February went up first and then down. Among them, the average price of quotations in East China was 8000 yuan/ton on February 11 and 8100 yuan/ton on the 20th, up 1.25% this decade; The highest price of the stage is 8200 yuan/ton from the 13th to the 19th, the lowest price is 8000 yuan/ton, and the maximum amplitude is 2.5%. Recently, the price of raw material propylene has fluctuated and decreased, but the cost still remains in the face of acrylic acid support. The supply side of the production enterprise is not loaded high, and the market transaction is just in demand. With the resumption of downstream work in full swing, the demand side has gradually increased, and the focus of acrylic acid market negotiation has steadily risen. With the support of the supply side, it is expected that the acrylic acid market will continue to operate strongly in the short term.

Liquefied natural gas for production. According to the data of the Business News Agency, in the middle of February, the domestic liquefied natural gas (LNG) rose from 5724 yuan/ton on February 11 to 5952 yuan/ton on February 15, then fell to 5902 yuan/ton on February 17, and then rose to 6040 yuan/ton on February 20, an overall increase of 5.52% in the current ten days. Cost support is favorable, and domestic LNG prices are expected to rise in the short term.

Aftermarket forecast: the price of acrylonitrile, the main raw material, is down, the production of polyacrylamide is normal, the inventory is sufficient, the downstream demand is general, and the order demand is insufficient. It is expected that the support will be unfavorable in the short term, and the polyacrylamide market will continue to be dominated by a small weak shock.