Commodity Market: According to the Commodity Market Analysis System of Business Society, in April 2023, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market showed a slight fluctuation and downward trend. Among them, on the 1st, the market reported around 15242 yuan/ton, and on the 27th, the market reported around 14728 yuan/ton, with a decrease of 3.37% compared to the single month decline in the first quarter.
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From January 2023 to present, as shown in the figure, the polyacrylamide market in China has weakened for several weeks, and the weekly decline has slightly expanded since April. The demand in the water treatment industry has been unfavorable this month, with normal production from manufacturers in the main production areas and sufficient spot supply in the market. The situation of strong supply and weak demand has not been improved, resulting in the market not being able to rise, fully confirming the company’s claim that “business is difficult to do this year”, and currently, there are no signs of improvement in the market for polyacrylamide.
Raw material acrylonitrile: According to the Commodity Market Analysis System of Business Society, the acrylonitrile market slightly declined in April. As of April 27th, the bulk water price in the acrylonitrile market was 9675 yuan/ton, a decrease of 3.73% from 10050 yuan/ton at the beginning of the month. The price of raw material propylene fluctuates narrowly, and the cost of acrylonitrile is relatively weak; The downstream polyacrylamide market has slightly declined, while ABS production has slightly declined, resulting in weaker support for acrylonitrile compared to the previous period; The fundamentals are not significantly positive, while the price of acrylonitrile is weak and slightly lower. The fundamentals are not significantly positive, and it is expected that the acrylonitrile market will be weak and consolidate in the later stage.
Raw Material Acrylic Acid: According to the Commodity Market Analysis System of the Business Society, the acrylic acid market in April experienced slight fluctuations after a sharp decline at the beginning of the month. Among them, this month’s premium grade acrylic acid market in East China reported around 7100 yuan/ton on the 1st, but dropped to 6775 yuan/ton on the 6th, a decrease of 4.58%; On the 27th day of the month, the main report was 6880 yuan/ton, with a monthly decrease of 4.23%. Recently, the market price of raw propylene has fallen, and the impact of cost is limited. The operating rate of the supply side industry has increased compared with the previous period. The downstream procurement is mainly just in demand, and the demand side follows the general trend. There is a strong wait-and-see atmosphere. It is expected that the acrylic acid market will continue to consolidate in the short term, and more attention should be paid to the market news guidance.
Liquefied natural gas for production. According to the Commodity Market Analysis System of the Business Society, domestic liquefied natural gas prices continued to fluctuate and rise in April. Among them, the average price of liquefied natural gas in China on the 1st was 4310 yuan/ton, and the average market price on the 27th was 4430 yuan/ton, with a monthly increase of 2.78%; The monthly price peak appeared at 4694 yuan/ton on the 22nd, and the lowest point appeared at 3926 yuan/ton on the 7th, with a maximum amplitude of 19.56%.
Future Market Forecast: In April, the raw material market will be in a downward trend, with only the fuel market moving upwards, and the overall cost of polyacrylamide will be weak. This month, the prosperity of China’s water treatment industry continued to be low, with manufacturers in the main production areas producing normally and abundant in stock. Downstream demand has not improved, and it is neither warm nor hot, lacking heat. Regarding the future market, the May Day holiday is approaching, and many demand is temporarily suspended. After the holiday returns, it may be difficult for the downstream industry to make significant changes, and the polyacrylamide market will continue to be weak and weak.
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