Review of polyacrylamide market trends in 2023
According to the Commodity Market Analysis System of Business Society, the average market price of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China in 2023 was 15442.86 yuan/ton at the beginning of the year and 13220.00 yuan/ton at the end of the year, with an annual decline of 14.39%. The highest point of the year occurred on January 11th at 15642.86 yuan/ton, and the lowest point of the year occurred on December 8th at 1322.00 yuan/ton, with a maximum amplitude of 15.49%. The polyacrylamide market will experience a high decline in 2023.
According to the K-bar chart data of the polyacrylamide market in Business Society in 2023, the polyaluminum chloride market experienced more declines and less gains, with one month of upward movement and eleven months of downward movement. The highest increase was in January, up 0.65%, and the highest decrease was in April, down 3.37%.
In 2023, the polyacrylamide market continued to decline, and due to the overall impact of the economic situation, downstream demand remained weak and the industry’s prosperity was not high; Domestic manufacturers in the main production areas have normal production and abundant stock; The overall market for polyacrylamide raw materials has fallen, with limited supply and demand support, and manufacturers continue to lower prices.
Prediction of polyacrylamide market in 2024
Cost side:
Raw material acrylonitrile: According to the commodity market analysis system of Business Society, the acrylonitrile market will fluctuate widely in 2023. At the beginning of the year, the price was 9600 yuan/ton, and at the end of the year, the price was 9812 yuan/ton, an increase of 2.21% compared to the beginning of the year; The high point of the year was 10800 yuan/ton, and the low point was 7800 yuan/ton, with an amplitude of 38.46%.
As of the end of 2023, the total production capacity of acrylonitrile in China reached 4.399 million tons/year, and the annual utilization rate of acrylonitrile industry capacity was 73.11%. According to statistics, there are still three sets of new production capacity plans totaling 920000 tons/year planned to be put into operation in China in 2024, with most of the production time in the second half of 2024. The increase in supply will put pressure on the acrylonitrile market in 2024.
Raw Material Acrylic Acid: According to the Commodity Market Analysis System of Business Society, the average quoted price of acrylic acid in the East China region was 6800 yuan/ton on January 1, 2023, and the average price of acrylic acid on December 31 was 6187.50 yuan/ton, a decrease of 9.01% in the year’s market. The lowest price point of the year was 5825.00 yuan/ton on November 3rd, and the highest price point of the year was 8200.00 yuan/ton on February 13th, with a maximum amplitude of 40.77%. In 2023, with the completion of the construction of the 180000 ton acrylic acid plant for Zhejiang Satellite, China’s acrylic acid production capacity expanded to 4.08 million tons, with a slight increase in production compared to 2022. Wanhua Chemical and Shandong Sanyue have plans to put new acrylic acid plants into operation in 2024, and the overall acrylic acid production capacity is expected to increase in 2024.
Supply side: China is the world’s largest producer of polyacrylamide, and in recent years, the scale of China’s polyacrylamide industry has continued to grow. In 2022, the production of polyacrylamide in China was 1.3623 million tons, with a demand of 1.1653 million tons. Polyacrylamide in China is mainly a mid to low-end product, while high-end products still need to be imported.
Demand side: From the application scenarios of polyacrylamide, the petroleum extraction industry is the main downstream of polyacrylamide. About 42% of the total production of polyacrylamide in China is used for petroleum extraction, 31% for water treatment, 13% for the papermaking industry, and other industries such as coal washing and metallurgy account for 14%. As of 2023, the number of urban sewage treatment plants in China has exceeded 2000, with a daily processing capacity of 170 million cubic meters. At the same time, more and more rural areas are starting to build sewage treatment facilities, further promoting the development of the industry.
Market forecast: Currently, there is not much difference between supply and demand in China’s polyacrylamide market. In 2024, the polyacrylamide market in China will still be greatly affected by upstream and downstream market trends, and it is expected that the polyacrylamide market will mainly fluctuate within a narrow range.
| http://www.polyvinylalcohols.com |