Commodity market trend: In June, the mainstream market trend of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ion degree) in China was weak, with a main market price of around 14160 yuan/ton on the 30th, a decrease of 0.28% from the beginning of the month price of 14200 yuan/ton.

The core of polyacrylamide production relies on upstream raw materials such as acrylonitrile. The overall acrylonitrile market remained stable in June, with an average price of 10133.33 yuan/ton as of June 30, which was stable compared to June 1. The prices of raw materials propylene and synthetic ammonia fell in June, providing limited support for acrylonitrile.
In terms of downstream applications, polyacrylamide is mainly used in municipal sewage treatment, industrial wastewater treatment, sludge dewatering, papermaking, oil fields and other fields. In June, municipal sewage, industrial printing and dyeing, and papermaking sludge disposal enterprises started operating steadily, with limited new orders; Downstream procurement mainly relies on replenishing inventory as needed, with weak willingness to hoard in large quantities. The market lacks favorable conditions for price increases, and traders have a sluggish follow-up sentiment.
Market forecast: The cost side acrylonitrile market is currently weak, with limited support for polyacrylamide prices. The demand side continued to experience high temperatures in July, and the demand for water treatment and industrial sludge disposal is unlikely to show a significant rebound in the short term. The demand side is still weak. If there are no sudden environmental restrictions or maintenance plans on the supply side, the operating rate of mainstream enterprises will remain stable, the market supply will be sufficient, and there will be insufficient motivation for significant price increases. It is expected that the polyacrylamide market will consolidate weakly in July.