Commodity Market: According to the Commodity Market Analysis System of Business Society, in mid July, the mainstream market price of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China slightly increased and then fluctuated and decreased. On the 11th, the market reported around 14257 yuan/ton, and on the 20th, it reported around 14214 yuan/ton, with a decline of 0.3% in the past ten days. The prices of raw materials acrylonitrile and acrylic acid have remained stable and slightly decreased in the middle of the month. Polyacrylamide enterprises are operating normally, with sufficient supply of goods in the market, and downstream demand is still average. The mainstream market of polyacrylamide is relatively weak.

As shown in the figure, in the early third quarter of 2023, China’s polyacrylamide market remained stable with a slight decline, which was amplified compared to the decline in June.

Raw material acrylonitrile: According to the Commodity Market Analysis System of Business Society, the market price of acrylonitrile in mid July dropped from 8137 yuan/ton to 8025 yuan/ton, a decrease of 1.38%. The raw material propylene market in Shandong has experienced a fluctuating trend due to the impact of news and demand, with a first up and then down trend, and a narrow consolidation of the cost side; Multiple downstream industries of acrylonitrile face weak demand support in the short term, which is difficult to improve; At present, the supply side pressure has slightly eased, and the demand side is supported, but it is difficult to significantly strengthen. It is expected that the acrylonitrile market will fluctuate slightly in the short term.

Raw Material Acrylic Acid: According to the Commodity Market Analysis System of Business Society, the acrylic acid market slightly declined in mid July, from 6325 yuan/ton to 6250 yuan/ton, a decrease of 1.19%. Recently, the raw material propylene market has been fluctuating, with unstable cost support, low production capacity utilization, and average demand. Procurement is the main demand, and it is expected that the acrylic acid market will operate in a narrow range 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 in mid July fell first and then rose. Among them, on the 11th, the average price of liquefied natural gas in China was 4056 yuan/ton, and on the 20th, the average price was 4148 yuan/ton, with a ten-day increase of 2.27%.

Future forecast: The prices of raw materials will remain stable and slightly decline this week, with a slight increase in the fuel market and unstable costs for polyacrylamide raw materials. Under the current industry situation, enterprise production is normal, production inventory is sufficient, and downstream demand continues to be low, resulting in poor market transactions. Regarding the future market, analysis suggests that polyacrylamide will continue to maintain a stable and slightly weak market trend in the near future.