1. Price Trend According to data monitored by toodudu (average ex-factory price of calcium carbide method SG5), on February 17, the average domestic mainstream PVC price was 6,675 yuan / ton, down 0.93% from the previous day’s 6737.5 yuan / ton, and up 5.12% compared with the same period last year. The PVC commodity index on February 17 was 84.58, a decrease of 0.79 points from yesterday, a 15.42% decrease from the highest point of the cycle at 100.00 points (2011-09-05), and a 45.15 increase from the lowest point of 58.27 points on December 20, 2015. %. (Note: Period refers to 2011-09-01 to present) 2. Market Analysis In terms of products: At present, downstream companies are slow to resume work, and demand is sluggish. The inventory pressure of PVC manufacturers has increased, the operating rate has fallen, and transportation is limited. Therefore, the spot market of PVC has been stagnant, and transactions have been limited, and some manufacturers have closed. Do not report, ...

Latest price (December 15): 8,570 RMB/ ton According to the data monitoring chart of business society, on December 15, the main PVC contract 2205 closed at 805, down 2.86%. The futures fell, driving the spot market to continue to fall. On December 15, the average domestic spot price of PVC5 was 8,570 RMB/ ton, down 0.58% from the previous day. The reduction range of enterprises was mostly in the range of 50-300 RMB/ ton. At present, the mainstream price is 8,300-8,800 RMB/ ton. Enterprises continue to reduce prices to sell for shipment, However, in the off-season, the market trading is relatively flat, coupled with the decline of raw materials, the PVC market in China has strong negative factors. China PVC prices are expected to continue to weaken in the short term.   If you have any questions, please feel free to contact toodudu with tdd-global@toodudu.com.

Reliance Industries Ltd registered a 13.6 percent fall in October-December net as refining margins fell sharply and reservoir complexity pulled down gas output. RIL\’s net profit declined by 13.6 per cent to Rs 4,440 crore, or Rs 13.6 a share, in the third quarter ending December 31 from Rs 5,136 crore a year earlier, RIL said in a press statement. This is despite the fact that revenue from the petrochemical segment increased by 31.7 percent from Rs44,961 crore to Rs59,213 crore. Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “The global nature of our businesses and weakness in economic conditions resulted in reduced earnings in the quarter, particularly in our refining and petrochemicals businesses. Notwithstanding these challenges, Reliance has delivered reasonably robust results with high operating leverage. Our focus remains on enhancing shareholder value by leveraging an exceptionally strong balance s...