Data monitoring shows that on March 29, the polyacrylamide commodity index stood at 93.13, unchanged from yesterday, down 16.48% from the cycle’s highest point of 111.51 (2021-11-03), and up 12.35% from the lowest point of 82.89 on August 2, 2020. (Note: The cycle refers to 2019-04-01 to now)

Commodity market: Data monitoring shows that the mainstream market price of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in the domestic market remained stable at around 15242.86 yuan/ton during the week of March 27-30, 2023. This week, the manufacturer said that some environmental inspections have resumed, production is normal, inventory is sufficient, downstream demand is not strong, supply is excessive, and demand is insufficient. The atmosphere of the polyacrylamide market continues to be light.

Raw material acrylonitrile: According to data from the Business News Agency, the acrylonitrile market continued to decline slightly during the week from March 27-30. According to data monitoring by Business News Agency, as of March 30, the bulk water price in the acrylonitrile market was 10100 yuan/ton, down 1.7% from 10275 yuan/ton at the beginning of the week. The price of raw materials fell, and the cost of acrylonitrile continued to decline; The pressure on the supply side is still there, and the demand side has a rigid need for support; Acrylonitrile market slightly weak. It is expected that the acrylonitrile market will continue to decline slightly in the future.

Raw material acrylic acid: According to data from the Business News Agency, the acrylic acid market declined slightly during the week from March 27-30, with the main price in East China on March 27th being 7225 yuan/ton, and the 30-day average price of 7175 yuan/ton, a decrease of only 0.69%. This week, the decline in the raw material propylene market was mainly due to the weakening of cost support and a slight increase in the operating rate compared to the previous period. However, the load of downstream plants and devices was not high, and the enthusiasm for purchasing raw materials through market inquiry was low. The actual transaction volume in the market was weak, with a strong cautious wait-and-see mentality. The price center of acrylic acid declined. It is expected that in the short term, the acrylic acid market may be light and wait for consolidation and operation.

Liquefied natural gas for production. According to data from Business News Agency, domestic LNG prices rebounded during the week of March 27-30. As of March 30, the average price of liquefied natural gas in China was 4344 yuan/ton, up 3.08% from the average price of 4214 yuan/ton on March 27.

Future Forecast: The raw material market continues to weaken slightly, but this week, fuel prices rebounded, with mixed cost side gains and losses. The polyacrylamide supply side has sufficient spot inventory, and the construction is relatively normal. The demand for downstream demand orders continues to be weak. It is expected that the polyacrylamide market will continue to be stable, medium, and weak in the near future.