Commodity Market: According to the Commodity Market Analysis System of Business Society, in April, the mainstream market price of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China fluctuated and declined. On the 30th, the market reported around 13310 yuan/ton, and on the 1st, it reported around 13440 yuan/ton, with a monthly decline of 0.97%. This month, the prices of raw materials acrylonitrile and acrylic acid have risen, fuel prices have risen, and the cost of polyacrylamide has risen. Enterprises in the main production areas are operating normally, and the market supply is abundant. The mainstream market trend of polyacrylamide is mainly weak and consolidating.

Raw material acrylonitrile: After the continuous increase in acrylic acid prices in April, it remained stable and operated on a wait-and-see basis. In the first half of the month, cost support was still acceptable, with companies mainly executing pre received orders in the early stage, with tight spot prices and supply side pressure free support for continuous increases in acrylic acid prices. The downstream inquiry atmosphere was active, and there was a high intention to replenish at low prices. The follow-up of high priced raw materials was relatively cautious, and the overall performance of the demand side was average, with a focus on continuing rigid demand procurement. In the second half of the month, the price of raw material propylene fluctuated and fell, with some equipment fluctuating. Costs and supply support still exist. Downstream companies chose to lower their rigid demand and stock up in moderation before the holiday, and their follow-up to high prices is still average. Most production companies remained stable in their quotes, while distributors mainly followed the market and shipped according to the market.

Raw material acrylic acid: In April, the market for acrylonitrile saw a significant increase. As of April 29th, the self pickup price of acrylonitrile from the tank was 10850 yuan/ton, an increase of 8.91% from 9962 yuan/ton at the beginning of the month. Narrow consolidation of raw material propylene prices, slight decrease in liquid ammonia prices, and weak cost support for acrylonitrile; One of the main downstream industries, ABS, continues to experience a slight decline in production, with weak support from demand for acrylonitrile; Acrylonitrile production remains low, providing strong support for the market; As of the 29th, the self pickup price of acrylonitrile from the tank in East China was between 10800 and 11000 yuan/ton.

Liquefied natural gas for production. According to the commodity market analysis system of Shengyishe, the domestic liquefied natural gas market prices were relatively strong and increased in April. In early April, domestic demand for liquefied natural gas performed poorly, with the market mainly oversupplied and liquid prices slightly declining. During the Qingming Festival, hazardous chemical vehicles were restricted and transportation was not smooth. After the Qingming Festival, transportation resumed smoothly and market trading increased. Maintenance of some domestic liquid plants has led to a decrease in the supply of liquefied natural gas. In the context of tight supply, low liquid prices are starting to push upwards. Downstream restocking enthusiasm has increased, market demand has recovered, and the atmosphere of liquid factory adjustment is obvious. In mid April, due to the rise in import gas prices, domestic liquefied natural gas prices followed suit, stimulating an increase in domestic terminal prices, and both sea and land prices of liquefied natural gas rose. At the end of the month, the rise of domestic liquefied natural gas slowed down, and the market was mainly wait-and-see.

Market forecast: In April, raw material cost prices will rise, fuel prices will rise, and polyacrylamide costs will rise. On the supply side, enterprises in the main production areas are operating normally and the market supply is abundant; On the demand side, downstream procurement and supply remain flat, with stable market transactions being the main focus. At present, the market is still in a situation of oversupply, and it is expected that weak domestic polyacrylamide will be mainly consolidated after the holiday.