Commodity Market: According to the Commodity Market Analysis System of Business Society, from June 2023 to present, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China has remained stable and slightly fluctuated, with a main price of around 14471 yuan/ton on the 1st and 14400 yuan/ton on the 12th, with a phased decrease of 0.49%.
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As shown in the figure, the polyacrylamide market in China continued to decline slightly in the second quarter of 2023, with an increase in weekly decline in April. In May, the decline narrowed to price parity and then continued to decline again. Since June, the decline has continued to slightly increase. Manufacturers in China’s main production areas have normal production and sufficient supply, but downstream demand is average, and purchasing enthusiasm is poor. The situation of strong supply and weak demand continues.
Raw material acrylonitrile: According to the commodity market analysis system of the Business Society, the acrylonitrile market has experienced a slight fluctuation and decline since June. As of June 12th, the bulk water price in the acrylonitrile market was 8137 yuan/ton, a decrease of 5.65% from 8625 yuan/ton on the first day. The low consolidation of raw material propylene prices has weak support for acrylonitrile, and the downstream atmosphere is weak. The prices have decreased and the start of production has slightly declined; The supply side is relatively loose. But with the increase of parking companies, the downward trend of acrylonitrile has decreased.
Raw Material Acrylic Acid: According to the Commodity Market Analysis System of the Business Society, the acrylic acid market has been fluctuating and declining since June. On the 1st, high-quality acrylic acid in the East China market reported around 6050 yuan/ton, but on the 12th, it fell to 5900 yuan/ton, a decrease of 2.48%. Recently, raw material prices have fluctuated in a narrow range, with average cost support. Some factories and equipment on the supply side have adjusted their load, resulting in a slight decrease in industry operating rates. Downstream inquiries are generally enthusiastic, with weak demand and a weak focus on market negotiations. It is expected that the acrylic acid market may operate weakly and steadily in the short term.
Liquefied natural gas for production. According to the Commodity Market Analysis System of the Business Society, the domestic liquefied natural gas market has risen since June. Among them, the average price of liquefied natural gas in China on June 1st was 4416 yuan/ton, and on June 12th it was 3728 yuan/ton, a significant decrease of 15.58%. Recently, the trend of the domestic liquefied natural gas market has been dominant, with a strong market sentiment towards high prices. The bidding price for raw gas has increased, resulting in a positive cost side effect. It is expected that domestic liquefied natural gas prices will continue to rise in the short term..
Future Market Forecast: Since June, raw materials have been weak, fuel liquefied natural gas has been rising in stages, and the cost of polyacrylamide has been slightly supported compared to the previous period. However, the market supply is sufficient, and the prosperity of the water treatment industry remains low. Downstream demand is not good, and market transactions are poor. Regarding the future market, analysis suggests that polyacrylamide will continue to be stable, moderate, and weak.
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