The chlor-alkali industry, forming a major part of Basic Chemicals and about 69% of the inorganic chemicals produced in the country, is an important driver for downstream chemical industry, Susanta Kumar Purohit, JS (Chem), Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, Govt. of India said in his inaugural address at the recently concluded Alkali Manufacturers Association of India’s (AMAI) conference on “New Developments in Chlor-alkali Industry” in Vadodara, Gujarat. Purohit emphasized the need for the Indian chemical industry to achieve self-sufficiency and increase the share in India’s GDP. He further said that the future of Indian chemical sector looks promising, and the country could potentially become the driving force of the demand and supply of the world chemical market. Domestic consumption in India is set to grow at a 9%-10% CAGR in the coming years driven by rising disposable incomes, a favorable demographic divide...

Price trend According to the data monitored by toodudu, the price of PVC SG5 made by calcium carbide method fell this week. The average price of domestic PVC last Friday was 6,498.57 RMB/ton, and the average price this Friday was 6,368.57 RMB/ton, and the price fell 2% during the week. Analysis review This week, the domestic spot market of PVC fluctuated and fell. On the whole, the price fell mainly. With the improvement of the futures disk this Wednesday, the confidence in the spot market rose, and the price rose slightly on Wednesday. The current PVC market demand maintains the previous level. Most downstream enterprises and traders wait and see, the inquiries are acceptable, the spot transactions are average, the downstream purchases are cautious, and the orders are mainly received on demand. As of the 22nd, the price range of domestic PVC5 calcium carbide materials was mostly around 6,200-6,650 RMB/ton. In terms of international crude oil, on July 21, international crude oil futu...

Sekisui Specialty Chemicals announced that it will increase the price of Selvol Polyvinyl Alcohol, Selvol Ultiloc, Selvol Ultalux, and Selvol Premiol products. The amounts shown in the table below represent the price floor for this increase.  Region Increase From: North America $550/mt Latin America $550/mt Asia $550/mt EMEA 550€/mt Sekisui Specialty Chemicals remains committed to meeting customers’ needs with high quality products.  The increase will take effect December 1st, 2021, or as contracts and agreements allow. Sekisui Specialty Chemicals’ primary product is Selvol, a line of high-performance polyvinyl alcohol polymers and copolymers used in paper, adhesive, packaging, construction, personal care, and many other specialty formulations.  The company also represents Durastream CPVC compounds and resins, Advancell expandable microspheres, and S-LEC BK polyvinyl acetal resins. Register Now to Attend NextGen Chemicals & Petrochemicals Summit 20...