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 fell in October. On the first day, the market reported around 13710 yuan/ton, and on the 30th, it reported around 13540 yuan/ton, with a monthly decrease of 1.24%. This month, the market for raw materials acrylonitrile and acrylic acid has fallen, and the cost of polyacrylamide has decreased. However, enterprises in the main production areas are operating normally, and the market has ample spot supply. Downstream demand has not increased, and the current mainstream market for polyacrylamide is still weak and organized.

Raw material acrylonitrile: In October, the acrylonitrile market experienced a high level in the early stage and a slight decline in the later stage. As of October 30th, the bulk water price in the acrylonitrile market was 9625 yuan/ton, a decrease of 2.04% from the 9825 yuan/ton at the beginning of the month. The price of raw material propylene fluctuates and falls, while the cost support for acrylonitrile weakens; One of the main downstream industries, ABS, has experienced a significant decline in production, and demand has weakened in the face of acrylonitrile support; In October, the start of acrylonitrile production slightly decreased. In the early stage of October, acrylonitrile prices were strong due to low inventory and cost support, but in the later stage, prices slightly decreased at the end of the month as demand weakened.

Raw material acrylic acid: The acrylic acid market steadily declined in October. After the Double Festival, the market price of raw material propylene has decreased, cost support has weakened, industry capacity utilization has increased, and supply of goods is sufficient. However, downstream demand is poor, and the inquiry and procurement atmosphere is not high. Holders are offering discounts to ship, and the focus of negotiations in the acrylic acid market has weakened. In the second half of the month, the raw material propylene market has been boosted by news, resulting in increased cost pressure. The supply side’s operating load has decreased compared to the previous period, and the demand side support is weak. Holders’ shipments are under pressure, and the acrylic acid market has been sorted out through game theory. In the second half of the month, the raw material propylene price has weakened, and cost support has once again shown weakness. Some units have shut down, but the demand side follow-up is still insufficient. Downstream procurement is mostly in demand, and acrylic acid prices have fallen.

Liquefied natural gas for production. According to the Commodity Market Analysis System of the Business Society, the civilian liquefied gas market in Shandong experienced a surge in October. The price of raw gas has skyrocketed, supported by costs and the strong price of Shanghai gas. As the northern heating season approaches, there is strong bullish sentiment towards liquefied natural gas, and it is expected that in the short term, the price of liquefied natural gas will be higher than that of other countries.

Future forecast: In October, the overall focus of raw material cost prices will shift downwards, while the overall fuel market will rise. The cost of polyacrylamide will fluctuate. On the supply side, enterprises in the main production area have normal production and sufficient market supply; On the demand side, downstream procurement and supply remain flat, and market transactions are stable. The actual transaction changes have not yet been significantly followed up. It is expected to continue to focus on consolidation in the short term.