Commodity market: In October, the mainstream market for polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ion degree) in China remained stable, with a main market price of around 14080 yuan/ton on the 26th.
The core of polyacrylamide production relies on upstream raw materials such as acrylonitrile. In October, the acrylonitrile market first rose and then fell, with a slight overall increase. As of October 26, the average price of acrylonitrile was 10900 yuan/ton, an increase of 1.08% from the price of 10783.33 yuan/ton on October 1. This month, changes in the supply and demand of raw materials, as well as the pace of factory shipments, have driven price fluctuations. On site trading has followed the market fluctuations, while downstream demand has mainly followed suit. The market mentality has fluctuated greatly, and the short-term market is still affected by the combination of equipment start-up and downstream procurement pace.
In terms of downstream, the current focus is mainly on environmental protection areas such as sewage treatment and sludge dewatering. Municipal sewage and industrial wastewater treatment enterprises mainly rely on replenishment for urgent needs, with weak willingness to purchase in large quantities. Downstream companies tend to purchase as needed, with a strong wait-and-see attitude and a lack of sustained favorable support for procurement, making it difficult to drive up prices; At the same time, there has been no significant decline in downstream orders, and there is no pressure to force manufacturers to lower prices and sell goods, forming a weak balance between supply and demand.
Market forecast: Currently, domestic polyacrylamide production enterprises have relatively stable operating loads, sufficient supply of spot goods, conservative pricing strategies of mainstream manufacturers, and no willingness to adjust prices at the moment; At the end of the month, the acrylonitrile market stopped falling and rebounded, supported by the cost of polyacrylamide. Overall, it is expected that the domestic cationic polyacrylamide market will mainly fluctuate and consolidate in November.