Commodity Market: According to the Commodity Market Analysis System of Business Society, in mid September, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market slightly declined. On the 10th, the market reported around 13971 yuan/ton, and on the 19th, it reported around 13860 yuan/ton, with a decline of only 0.8%. The recent rise in crude oil has had an impact, leading to an increase in the prices of various raw materials. The market for raw materials acrylonitrile and acrylic acid has risen, the cost of polyacrylamide has increased, and enterprises in the main production areas are operating normally. The market supply is abundant, downstream demand is weak, and commodity circulation is slow. The mainstream market for polyacrylamide is slightly weak.
Raw material acrylonitrile: According to the commodity market analysis system of the Business Society, the acrylonitrile market was on the rise in mid September. On the 10th, the mainstream market quotation was 9238 yuan/ton, and on the 19th, the main market quotation was 9413 yuan/ton, an increase of 1.89%. At present, the self pickup price of acrylonitrile in the market is between 9300 to 9500 yuan/ton. The slight increase in raw material prices has supported the cost of acrylonitrile; Downstream construction slightly rebounded; The operation of the acrylonitrile unit has been basically stable, and the price of acrylonitrile has slightly increased.
Raw Material Acrylic Acid: According to the Commodity Market Analysis System of Business Society, the acrylic acid market rose in mid September. As of the 19th of this month, the average price of acrylic acid in East China was 7075 yuan/ton, a slight increase of 0.71% compared to the price of 7025 yuan/ton on the 10th. Recently, the raw material propylene market has seen an increase, with increased cost support and fluctuations in some enterprise installations. The capacity utilization rate of the acrylic acid industry has decreased, and spot supply has shrunk. Downstream inquiries and purchases continue to be in demand, and the market trading atmosphere is still good. The focus of negotiations in the acrylic acid market is mainly on stability, with some enterprise prices slightly increasing.
Liquefied natural gas for production. According to the Commodity Market Analysis System of Business Society, the price of liquefied natural gas in China decreased in mid September: on September 10th, the average price of liquefied natural gas in China was 4412 yuan/ton, while on September 19th, the price was 4274 yuan/ton, a decrease of 3.14%. Recently, the price of liquefied natural gas in China has first decreased and then increased. On the 11th, domestic liquefied natural gas prices began to decrease. The market is dominated by oversupply, with a large number of heavy vehicles and limited downstream delivery capacity, resulting in a continuous decline in liquid prices. On the 14th, liquefied natural gas prices began to rebound and rise. After continuous price reductions, inventory has been alleviated, and liquid prices have increased in most regions of China, resulting in a strong market trend.
Future forecast: In mid September, the focus of raw material prices will shift upwards, the overall fuel market will decline, and the cost of polyacrylamide will slightly increase. On the supply side, enterprises in the main production area have normal production and sufficient market supply; On the demand side, downstream procurement and supply remain flat, with little change in market transactions. The polyacrylamide market remained stable and slightly weakened. It is expected that the demand side situation will continue to determine the market trend, and the probability will remain stable.
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