Commodity index: on October 21, the polyacrylamide commodity index was 102.34, the same as yesterday, down 4.47% from the highest point 107.13 in the cycle (2019-05-08), and up 23.46% from the lowest point 82.89 on August 2, 2020. (Note: the period refers to the period from April 1, 2019 to now)

Data monitoring shows that after the National Day holiday, the mainstream price of polyacrylamide (CPAM, cation, molecular weight 12 million, 10-30 ionic degree) in China’s market continues to rise, with a large range and chaotic quotation. Affected by the substantial increase in the cost of fuel and raw materials, the price of polyacrylamide (CPAM, cation, molecular weight of 12 million, 10-30 ionic degree) rose from about 16750 yuan / ton at the beginning of the week to about 17250 yuan / ton at the end of the week, an increase of 2.99%.

From the macro level, the price of petrochemical raw materials has decreased slightly after the policy intervention on coal, the cost pressure of fuel and raw materials related to water treatment is still great, and the current price is still strong. From the perspective of industry, with the intervention of national policies, the rising momentum of basic chemicals has eased, and the spot prices in the market are quite different; Affected by the cost and price of raw materials, water treatment enterprises have recently adjusted their product quotation, and still require their customers to set prices on the same day, queue up to pick up goods, make payments, expire and become invalid, so the supply side has a greater voice. Among them, the market of raw material acrylonitrile has been maintained at about 14950-15000 yuan / ton. It is reported that the production capacity of korur chemical phase II was increased by 130000 tons in October, that of lihuayi group was increased by 260000 tons at the end of November, that of Tianchen Qixiang new material was increased by 130000 tons at the end of November, and that of Sibang Petrochemical phase III was increased by 260000 tons at the beginning of 2022. The northern market tends to be saturated, Its downstream demand growth rate is lower than that of the supply side, resulting in oversupply.

The market of acrylic acid, another main raw material, has continued to rise since October, but the range has narrowed. On the 18th, the average price of acrylic acid in East China was 18900 yuan / ton, and on the 22nd, it was 19100 yuan / ton, an increase of 1.06%. Recently, the upstream propylene market has declined, the cost support has weakened, and the market supply and demand are in tight balance to support the market. It is expected that the acrylic acid market will mainly operate at a high level in the short term.

LNG is used in the production process. According to the monitoring data of business agency, the average price of domestic LNG was 6160 yuan / ton on the 18th and 6744 yuan / ton on the 22nd, up 9.48% week on week. Recently, the temperature dropped sharply, the heating season came, the demand side support increased, the market trading was positive, the sales pressure of liquid plants was small, and the price of feed gas increased, the supply in some regions was tightened, and the cost supply continued to boost the market. It is expected that the domestic LNG market will maintain an upward trend, but considering that the downstream acceptance still needs to be followed up after the continuous rise, the increase slowed down, Narrow amplitude fluctuation is dominant.

As for the future market, the support of raw materials acrylic acid and acrylonitrile is temporarily stable, and the trend is weak; The downstream demand for water treatment is under great pressure and the procurement enthusiasm is not strong. It is expected that the local market of polyacrylamide will remain high in the short term, but the trend of raw materials is weak and the demand is limited. It is likely that the future market will gradually weaken.