Commodity Market: According to the Commodity Market Analysis System of Business Society, in late July, the mainstream market price of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in the domestic market stabilized first and then slightly decreased. On the 21st, the market reported around 14214 yuan/ton, and on the 28th, it reported around 14185 yuan/ton, with a decline of 0.2%. In the context of stable prices of raw materials such as acrylonitrile and acrylic acid, stable costs of polyacrylamide, normal operation of enterprises in the main production areas, abundant market supply, and weak downstream demand, it is difficult to find actual demand customers, and the mainstream market of polyacrylamide is stable and weak.

As shown in the figure, in the third quarter of 2023, the polyacrylamide market in China experienced a slight decline in July, which was slightly larger than the decline in June, but the overall amplitude did not exceed 1%.

Raw material acrylonitrile: According to the commodity market analysis system of the Business Society, the acrylonitrile market was operating smoothly in late July, with a mainstream quotation of around 8025 yuan/ton. The price of raw materials fluctuated slightly, while downstream construction prices fluctuated slightly, with limited support for acrylonitrile; The supply side slightly declined, providing weak support for the acrylonitrile market. It is expected that the acrylonitrile market will experience slight fluctuations in the short term.

Raw material acrylic acid: According to the commodity market analysis system of the Business Society, the price of acrylic acid remained stable at around 6250 yuan/ton in late July. Recently, the raw material propylene market has slightly increased, with some cost support. Market transactions are mainly based on demand, while downstream purchases are mainly based on demand. The market has a strong wait-and-see mentality, and it is expected that the acrylic acid market will operate steadily in the short term.

Liquefied natural gas for production. According to the Commodity Market Analysis System of Business Society, the domestic liquefied natural gas market fell in late July. As of July 28th, the average price of liquefied natural gas in China was 3816 yuan/ton, a decrease of 6.61% from the average price of 4086 yuan/ton on July 21st. Recently, due to market inventory depletion and poor demand during the off-season, there are currently no positive factors supporting liquefied natural gas. It is expected that domestic prices will be weak in the short term, and it is recommended to pay attention to the bidding results of raw gas.

Future Market Forecast: The prices of raw materials will remain stable this decade, while the fuel market will weaken and the cost of polyacrylamide raw materials will be weak. Under the current economic situation, the industry is generally prosperous, with normal production of enterprises in the main production areas, sufficient market supply, and low downstream demand, resulting in average market transactions. Regarding the future market, analysis suggests that polyacrylamide will continue its stable and weak trend.