On December 24, polyacrylamide commodity index was 105.96, down 3.06 points from yesterday, down 4.98% from the highest point of 111.51 points in the cycle (2021-11-03), and up 27.83% from the lowest point of 82.89 points on August 2, 2020. (Note: cycle refers to 2019-04-01 to now)
Data monitoring shows that the market of polyacrylamide (CPAM, cation, molecular weight of 12 million, ionic degree of 10-30) in China decreased slightly that week (December 20-24), that is, the mainstream market price on the 20th was about 17700 yuan / ton, and the mainstream market price on the 24th was about 17342.86 yuan / ton, a decrease of only 2.02%. Recently, the market supply is sufficient, the market demand is general, and the transaction is not very prosperous.
International oil prices rose on December 23. The settlement price of the main contract of us WTI crude oil futures was US $73.79/barrel, up US $1.03 or 1.4%, and the settlement price of the main contract of Brent crude oil futures was US $76.64/barrel, up US $1.35 or 1.79%. The impact of the mutant strain Omicron was weakened, and concerns about slowing fuel demand eased. Cold wave weather is frequent in winter. Many water treatment enterprises in the main production areas have limited production or stopped production years ago, and the start-up is low. The supply of goods is still acceptable, the price of raw materials is slightly lower, the support is weak, the downstream demand is general, and the ex factory price of water treatment products is relatively stable and adjusted.
Industrial chain: the raw material acrylonitrile, the market price continued to fluctuate and decline this week, with a total range of about 350 yuan / ton. At present, the mainstream quotation in the market is about 14900 yuan / ton.
As shown in the figure above, the market price of raw acrylic acid fell slightly this week. On the 20th, the average price of acrylic acid in East China was 13100 yuan / ton, and on the 24th, the average market price was 13166.67 yuan / ton, a slight increase of 0.51%. Recently, the market price of raw acrylic acid is mainly stable, the cost support is limited, the downstream purchase is mainly on demand, and the market transactions are mild and orderly. It is expected that the acrylic acid market will be stable in the short term.
LNG is used in the production process. According to the monitoring data of business agency, the price of domestic LNG has fluctuated and increased since late December: the average price of domestic LNG on the 20th was 4440 yuan / ton, and the average price of domestic LNG on the 24th was 4743.33 yuan / ton, an increase of 6.83%. In the fourth quarter, domestic LNG prices rose first and then fell, and the peak season was not prosperous. In October, the demand for urban fuel increased, the price of raw materials increased, the overhaul of liquid plants, the tightening of market supply and other multiple positive superposition, which boosted the increase of liquid price by nearly 30% and shifted the focus upward. Early November is the highest point of the year, and then the downlink channel is opened. The downward trend did not stop in December, and Xinjiang fell to around 2000 yuan. Near the end of the month, the temperature has dropped sharply recently, the market trading atmosphere has improved, and the inventory pressure of liquid plants has been reduced. With the shutdown of some liquid plants and the consideration of cost, the domestic liquid price has continued to rise.
As for the future, the raw material acrylonitrile continued to decline, the decline increased, the price of acrylic acid increased weakly, and the market support was unstable; At present, the operating rate of enterprises in the main domestic production areas has decreased, and many enterprises stopped production years ago. At present, the supply of goods is relatively sufficient, the downstream demand is general, and the transaction is not prosperous. It is predicted that the trend of polyacrylamide will be stable in the future. If the price of raw materials continues to decline frequently, the polyacrylamide market is likely to decline.
