Commodity market situation: According to the Commodity Market Analysis System of Shengyi Society, the mainstream market situation of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ion degree) in China in February was sorted out. On the 26th, the main market price was around 12960 yuan/ton, which remained stable compared to the beginning of the month. This month, the raw material acrylonitrile has declined, the acrylic acid market has risen, the fuel market has declined, and the cost support for polyacrylamide is limited. The mainstream market for polyacrylamide is mainly consolidating weakly.
Raw material acrylonitrile: In February, the acrylonitrile market first fell and then rose. As of February 26th, the average price of acrylonitrile was 7100 yuan/ton, a decrease of 7.19% from 7650 yuan/ton on February 1st. Before the Spring Festival, spot purchases weakened, and the acrylonitrile market continued to decline; After the Spring Festival, overall supply or maintenance will be maintained, and demand will gradually recover and grow.
Raw material acrylic acid: The price of acrylic acid continued to rise in February. After the holiday, the price of raw material propylene is rising, supported by costs, and the acrylic acid market is rising. Downstream industries are gradually resuming work, and the market is mainly observing and waiting.
Liquefied natural gas for production. The domestic liquefied natural gas market prices fell sharply in February. As of February 26th, the average price of liquefied natural gas was 2882 yuan/ton, a decrease of 20.17% from 3610 yuan/ton on February 1st. The liquefied natural gas market is showing an overall trend of oversupply.
Market forecast: In February, the raw material acrylonitrile will decline, the acrylic acid market will rise, the fuel market will decline, and the overall cost of polyacrylamide will decline. At present, the market is still in a situation of oversupply, and it is expected that domestic polyacrylamide sorting will be the main focus in the near future.