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SunSirs: Multiple Bad News, the Weekly Market of Polyacrylamide Remains Stable

December 30 2022 12:30:38     

Commodity market: According to the data monitoring of the SunSirs, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China's domestic market mainly reported about 15428.57 RMB/ton that week (December 24-29), and it was slightly adjusted to about 15442.86 RMB/ton on December 29. The release of the national public event policy has increased the number of infections in a short period of time, the manufacturer has sufficient inventory, and its production progress is affected by the reduction of the number of people on duty, the weak transportation capacity, and the reduction of downstream demand; In terms of raw materials, acrylonitrile market continued to decline, while acrylic acid steadily weakened, which was unfavorable to the support of polyacrylamide. It is preliminarily estimated that the order will continue to decrease before the year, and the polyacrylamide market will fluctuate steadily and slightly.

Raw material acrylonitrile: according to the data of the business community, the acrylonitrile market was first up and then down and then flat that week (December 24-29). As of the 29th, the price of acrylonitrile apron was 9625 RMB/ton, up 0.05% from 9620 RMB/ton on the 24th, and the highest point of the week was 9920 RMB/ton on the 27th. At present, the start of the acrylonitrile industry has declined slightly, and the inventory pressure is still large. The listing price of acrylonitrile enterprises has decreased significantly in the early stage, but remained stable in the later stage. Downstream demand was impacted within months, and the offer of merchants went down all the way. It is expected that the acrylonitrile market will be weak and consolidated in the later period.

Raw acrylic acid: according to the data of the business community, the market price of acrylic acid in the week (December 24-29) was stable at about 6800 RMB/ton. In the first ten days of this month, the market situation of acrylic acid in East China was mainly stable. The prices of some enterprises were lowered, and the cost pressure increased in the middle of this month. In addition, the load rate of production enterprises was not high, and the enthusiasm for market inquiry was increased. After the acrylic acid price rose slightly, it ran smoothly. It is expected that the acrylic acid market will be stable in the short term.

LNG for production. According to the data of the SunSirs, the price of domestic LNG dropped by 13.30% in the week of the shock (December 24-29): the market price of LNG was about 6990 RMB/ton on December 24, and the average market price was 6060 RMB/ton on December 29. In the second half of the month, domestic LNG prices began to fall at a high level. Downstream demand support is weak, and the market continues to fall. Market supply exceeded demand, bearish sentiment on the floor increased, high liquid prices began to continue to cover the drop, and the floor lacked good support. It is expected that the market price of LNG will decline mainly in the short term.

Future forecast: after the policy of public health events was released recently, although the factories and downstream areas resumed production, the number of people immunized against infection increased in the short term, the manufacturers started work locally, the inventory was sufficient and the demand continued to weaken. In addition, close to the New Year's Day and the New Year holiday, more and more logistics companies had holidays ahead of schedule, the transportation capacity was weak, and water treatment manufacturers would also have holidays ahead of schedule on a continuous basis. It was expected that the market of polyacrylamide would be stable, moderate and weak in the future

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