Commodity Market Overview: According to the Business Society Commodity Market Analysis System, the mainstream market for polyacrylamide (CPAM, cationic, molecular weight 12 million, ionicity 10-30) in China was weak in January. On the 30th, the main market quotation was around 12,960 yuan/ton, while on the 1st, it was around 13,000 yuan/ton, representing a monthly decline of 0.31%. This month, raw material acrylonitrile prices rose, acrylic acid prices increased, and fuel prices climbed, providing cost support for polyacrylamide. Production enterprises in the main producing regions operated normally, ensuring ample market supply. As a result, the mainstream market for polyacrylamide remained weak and consolidated.
Raw Material Acrylonitrile: In January, acrylonitrile prices initially fell before rising. By January 30th, the average price of acrylonitrile was 7,650 yuan/ton, up 2% from 7,500 yuan/ton on January 1st. The increase in raw material propylene prices provided cost support for acrylonitrile. Meanwhile, downstream domestic ABS industry loads remained relatively stable with minor fluctuations, and sustained price increases further supported acrylonitrile.
Raw Material Acrylic Acid: Acrylic acid prices continued to rise in January. Recently, the cost price of propylene has remained strong and rising, providing solid cost support for the acrylic acid market. Supported by costs, factory and supplier quotations remained relatively firm, with little willingness to sell at low prices, leading to a reduction in low-priced supplies.
Production Fuel – Liquefied Natural Gas (LNG): In January, domestic LNG market prices rose significantly. By January 30th, the average LNG price was 3,610 yuan/ton, up 9.33% from 3,302 yuan/ton on January 1st. Persistent cold weather drove strong heating demand in northern regions, supporting LNG consumption.
Market Outlook: In January, raw material acrylonitrile and acrylic acid prices rose, fuel prices increased, and polyacrylamide production costs climbed. On the supply side, production enterprises in the main producing regions operated normally, ensuring ample market supply. On the demand side, downstream procurement remained subdued, with market transactions generally stable. Currently, the market remains in a state of oversupply, and it is expected that domestic polyacrylamide prices will consolidate in the near term.
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