According to the data monitoring of the business community, the polyacrylamide commodity index on December 14 was 94.53, unchanged from yesterday, down 15.23% from the highest point of the cycle, 111.51 (2021-11-03), and up 14.04% from the lowest point, 82.89, on August 2, 2020. (Note: Period refers to April 1, 2019 to now)

Commodity market: According to the data monitoring of the business community, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market in the first half of December decreased slightly, with the main report of 15500 yuan/ton on the first day and 15471.43 yuan/ton on the 14th, down only 0.18%. After the public event policy was released, the manufacturers returned to work and production one after another. At present, most enterprises have started work normally and have sufficient inventory; On the other hand, after the policy was released, the number of infections increased in a short time, and the production progress was affected to some extent; The market of raw material acrylonitrile continued to decline, but acrylic acid weakened steadily, downstream demand was general, and the market of polyacrylamide mainly fluctuated steadily and slightly.

Raw material acrylonitrile: according to the data of the business community, the acrylonitrile market has been weak since December due to the increasing pressure on the supply side and the small drop in the price of raw material propylene market, and the downstream stock is not active. On the first day, the bulk water price in the acrylonitrile market was 10500 yuan/ton, while on the 14th, the market reported 9860 yuan/ton, down 6.1%. It is expected that the acrylonitrile market will continue to fall slightly in the later period.

Raw acrylic acid: according to the data of the business community, the acrylic acid market in the first half of December was stable and fell, and the transaction atmosphere in the downstream procurement market was light and stable. On the first day, the average price of acrylic acid in East China was 7366.67 yuan/ton, while on the 14th, it was 6766.67 yuan/ton, down 8.14%. At present, the cost support is weak. The supply side has some support for the acrylic market, but the demand side is cautious. The market transaction is just in demand. It is expected that the acrylic market will be stable in the short term, and more attention should be paid to the market news guidance.

LNG for production. According to the data of the business community, the domestic LNG price in the first half of December rose by 65.31% in a volatile manner. On the first day of December, the market price of LNG was about 6900 yuan/ton, and on the 14th, the average market price was 8100 yuan/ton. In December, domestic LNG prices continued to rise, with a slight correction and a strong upward momentum. The main influencing factors are the soaring price of feed gas, the small amount of feed gas, the shrinking supply of domestic LNG market, and the curtailment and shutdown of some liquid plants. Under the circumstance that the temperature drop stimulates the increase of gas demand and the tightening of supply side, the domestic LNG market is soaring. As LNG has risen for several days, there is limited room for further growth. It is expected that the rise of LNG will weaken in the short term, so it is recommended to operate cautiously.

Future forecast: The demand is expected to increase due to the policy liberalization of recent public health events and the resumption of production of factories and downstream areas. However, so far, the manufacturer has sufficient inventory, the price of raw materials has weakened, the New Year’s Day and the New Year holiday next month are approaching, and the number of infected people in the short term has affected, so the subsequent demand is not very optimistic. From the current situation, the future market will remain stable and weak.