Commodity index: on January 23, the polyacrylamide commodity index was 105.09, unchanged from yesterday, down 5.76% from the highest point of 111.51 in the cycle (2021-11-03), and up 26.78% 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: data monitoring shows that the mainstream price of polyacrylamide (CPAM, cation, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market has remained stable at about 17200 yuan / ton this week (17-23). Approaching the Spring Festival holiday, the epidemic situation in many places is severe. Manufacturers limit production and stop production, and the inventory is sufficient. The downstream has no purchase intention a few years ago, and the market is basically static.

Industrial chain: acrylic acid: the average price in East China on Friday this week (17-23) was 13800.00 yuan / ton, up 0.73% from Monday, 5.08% from December 21, and 27.75% year-on-year in a three-month cycle. The acrylic acid market is steadily rising this week. Recently, the price of raw propylene is relatively strong, the cost support is rising, the load of some plants is reduced, the market supply is reduced, the downstream is orderly prepared, and the focus of market negotiation is high. It is expected that in the short term, the acrylic acid market will mainly operate at a high level, so more attention should be paid to the market news guidance. Acrylonitrile: Since New Year’s day, the mainstream market of raw acrylonitrile has continued to decline first and then remained stable. In the first half of the month, acrylonitrile has been significantly reduced by about 1950 yuan / ton. At present, the mainstream market quotation is stable at about 11450 yuan / ton. To sum up, the price of polyacrylamide raw materials has not changed much recently, and there is a strong wait-and-see atmosphere in downstream procurement. At present, it is basically in the state before the holiday, and there are few transactions.

Liquefied natural gas is used in the production process. According to the data monitoring of business agency, the domestic LNG market rose first and then fell this week (17-23), and the decline was greater than the increase, falling by 4% during the week. When the week’s rise continued and the number of rising areas increased, a large area of China was red. Under the condition of low inventory pressure, the liquid plants had strong price support mood, with 17 and 18 rising by 1.81%. In the middle and late week, due to insufficient demand follow-up, some areas began to decrease slightly, and only a few areas such as Shanxi continued to rise. On the 20th, the auction of Northwest gas source ended in the fourth week. The transaction price was 2.88 yuan / m3, the trading volume was 15.2 million m3, and the flow auction was 4.8 million m3. The favorable auction did not give enough boost, and the domestic liquid price continued to fall. The LNG analyst of business agency believes that the Spring Festival holiday is approaching, the downstream demand continues to weaken, and there is a certain pressure on the shipment of liquid plants. It is expected that the liquid price will stop falling and stabilize under the support of gas source auction in the short term, but there are still downward expectations.

Future forecast: the support of raw materials acrylonitrile and acrylic acid remains weak and stable with little change. There is no purchase demand in the downstream years ago, and the market of polyacrylamide is expected to remain at the current state by the end of the year.