The industry is sluggish, and the polyacrylamide market remains weak in the first half of May

Commodity Market: According to the Commodity Market Analysis System of Business Society, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China showed a slight downward trend in the first half of May 2023. Among them, on the 1st, the market reported around 14728 yuan/ton, and on the 15th, the market reported around 14528 yuan/ton, a half month decline of 1.36%.


Chitosan oligosaccharide

As shown in the figure, the polyacrylamide market in China has been weakening for several weeks since 2023. The weekly decline in April has expanded, and the decline in the first half of May has slightly narrowed. From the market, it is known that the demand in the water treatment industry has been unfavorable, with normal production from manufacturers in the main production areas and sufficient spot supply in the market. The situation of weak supply and demand has not been improved, resulting in the market not being able to rise and “business is difficult to do”. The polyacrylamide market has not shown any signs of improvement.


Raw material acrylonitrile: According to the commodity market analysis system of the Business Society, the acrylonitrile market initially fluctuated upwards in May and then slightly rebounded. As of May 15th, the bulk water price in the acrylonitrile market was 9812.5 yuan/ton, an increase of 1.55% from 9662.5 yuan/ton at the beginning of the month. However, the highest price point at this stage was 9862.5 yuan/ton from May 9-14. At present, the supply pressure of acrylonitrile has slightly eased, and although there is still strong demand support, the demand side has weakened compared to the previous period. In addition, the cost side is declining, and it is expected that the acrylonitrile market will fluctuate slightly in the short term.


Raw Material Acrylic Acid: According to the Commodity Market Analysis System of the Business Society, the acrylic acid market fluctuated and declined in the first half of May. Among them, this month’s premium grade acrylic acid market in East China reported around 6800 yuan/ton on the 1st, but dropped to 6375 yuan/ton on the 15th, a decrease of 6.25%. Recently, the market price of raw propylene has fallen slightly, the cost support is slightly weak, and the operating rate of the supply side industry is slightly lower than that of the previous period. However, the demand side performance is general, the market trading atmosphere is light, manufacturers are active in shipping, and the focus of acrylic acid negotiation has declined in a narrow range. It is expected that the acrylic market will wait and see the narrow range finishing operation in the short term.


Gamma-PGA (gamma polyglutamic acid)

Liquefied natural gas for production. According to the Commodity Market Analysis System of Business Society, the domestic liquefied natural gas prices continued to fluctuate slightly after a significant decline in the first half of May, with a weak trend. Among them, the average price of liquefied natural gas in China on May 1st was 4416 yuan/ton, and on May 15th it was 3964 yuan/ton, a half month decrease of 10.24%.


Future forecast: Both raw material and fuel prices will decline in May, and the overall cost of polyacrylamide will continue to be weak. The prosperity of China’s water treatment industry continues to be low, with manufacturers in the main production areas producing normally and abundant in stock. Downstream demand has not improved and there is a lack of enthusiasm. Regarding the future market, the polyacrylamide market will continue to be mainly weak.