According to the monitoring data of business agency, the polyacrylamide commodity index on August 31 was 94.53, down 0.17 points from yesterday, down 15.23% from the highest point 111.51 (2021-11-03) in the cycle, and up 14.04% from the lowest point 82.89 on August 2, 2020. (Note: cycle refers to 2019-04-01 till now)

Commodity market: the data monitoring of business agency shows that the mainstream quotation of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in the domestic market in August was stable, and it was slightly reduced at the beginning and end of the month. Among them, the mainstream market price on the 1st was about 15642.86 yuan / ton, and the main price on the 31st was 15471.43 yuan / ton, with a monthly decrease of 1.10%. Manufacturers in China’s main production areas have normal production, sufficient market inventory, little change in downstream demand, and the overall transaction is relatively light.

Industrial chain: upstream raw material acrylonitrile: according to the data of business agency, the acrylonitrile market in August rose first and then fell. On the 1st, the domestic acrylonitrile spot market price was 9620 yuan / ton, and on the 31st, it was reported as 8900 yuan / ton, down 7.48% this month. The supply side operation rate of the domestic acrylonitrile industry decreased slightly compared with the previous period. The overall operation rate was around 60%, and the downstream demand was slightly improved. However, the market supply side pressure was still on, and the downstream purchase was mainly based on small orders, and the offers of merchants were slightly adjusted; Although the pressure on the supply side and the cost side currently restricts the action of acrylonitrile, the price of acrylonitrile has dropped to a stage low this month. In addition, the demand side has slightly improved. It is expected that the acrylonitrile market will be slightly explored in the later period.

Raw material acrylic acid: as of August 30, the average price of acrylic acid in East China was 7400.00 yuan / ton, down 22.65% compared with the price on August 1, down 49.20% year-on-year in a three-month cycle, and down 51.53% compared with the same period of last year, according to the data of business agency. In this month, the raw material propylene fell first and then rose. Recently, the support of raw material cost has been strengthened, and the Jinjiu is coming. The market atmosphere has been warmed up. It is expected that the acrylic acid market will be stronger in the short term. We need to pay more attention to the changes of market news.

Liquefied natural gas is used in the production process. According to the data monitoring of business agency, the domestic LNG market price rose first and then fell in August, with a drop of 11.69% in the month, and the focus shifted downward. Among them, the average price of domestic liquefied natural gas on the 1st was 6420 yuan / ton, and the average price of domestic liquefied natural gas on the 31st was 5892 yuan / ton, with a monthly drop of about 9.63%. In August, the liquefied natural gas market was developed first and then restrained, with a downward trend. At the end of the month, the market demand was poor. In addition, affected by the domestic epidemic prevention and control and the transportation obstruction, the liquid price dropped sharply. The mentality of buying up and not buying down in the downstream is strengthened. It is expected that the domestic LNG price trend will continue to decline in the short term..

Future forecast: the cost of raw materials in this month will be reduced, with a large drop, and the cost support will continue to weaken. Among them, public health events will have a partial impact on the raw material market. The spot stock of Polyacrylamide in China’s market is sufficient, the downstream demand is general, the transaction is light, and the production is normal. It is expected that the polyacrylamide market in the future will continue to be stable and slightly adjusted. Pay attention to the recent rise of crude oil and the upcoming “golden nine” may have a driving effect on the market.