According to the data monitoring of business agency, the polyacrylamide commodity index on May 22 was 97.15, the same as yesterday, down 12.88% from the highest point of 111.51 in the cycle (2021-11-03), and up 17.20% from the lowest point of 82.89 on August 2, 2020. (Note: the period refers to the period from April 1, 2019 to now)

Commodity market: according to the data monitoring of business agency, this week (may 16-22), the mainstream quotation of polyacrylamide (CPAM, cation, molecular weight of 12 million, 10-30 ionic degree) in China’s domestic market increased steadily and slightly, and the mainstream quotation was slightly adjusted from 15828.57 yuan / ton to about 15900 yuan / ton. The production of the enterprise is normal and the market inventory is sufficient; The downstream demand is still general, partially affected by transportation capacity and cost, and the shipping pressure of enterprises is still not small.

Industrial chain: according to the data of business agency, the market of upstream raw material acrylonitrile weakened slightly in the week from May 16 to 22. It was mainly reported at about 11540 yuan / ton at the beginning of the week and lowered to 11520 yuan / ton at the weekend; Raw material acrylic acid, the acrylic acid market was stable in that week, and the average quotation price in East China was 14733.33 yuan / ton. The market price of raw material propylene (Shandong) was under pressure, with an average price of 8580 yuan / ton at the beginning of the week and 8330 yuan / ton at the end of the week, a decrease of 2.91%. The cost side support is limited, the supply side is tight, the downstream just needs to follow up and stabilize, and the market negotiation is orderly. It is expected that the acrylic acid market may operate firmly in the short term. More attention should be paid to the guidance of market news.

Liquefied natural gas is used in the production process. According to the monitoring data of business agency, the average price of domestic LNG was 6814 yuan / ton on May 20, down 104 yuan / ton or 1.5% from 6918 yuan / ton at the beginning of the week. During the week, the domestic LNG market fell and the price fell steadily. This week’s market trading is average. Led by off-season factors, the market demand is not high and the receiving of goods is weak. In addition, the price of inlet gas is reduced, which has impacted the domestic market. In addition, this week’s raw gas auction and the decline of cost support further exacerbate the downward trend of domestic LNG market price. Led by the market bad, it is expected that the domestic LNG price will continue to be stable and downward.

Future forecast: the cost of raw materials is stable and weak, the downstream demand is general, and the spot inventory in the market is sufficient. It is expected that the polyacrylamide market will remain stable in the future, supplemented by small adjustment.