The average price of domestic mainstream PVC (the average ex-factory price of calcium carbide method SG5) on February 29 was 6337.5 RMB/ton, down 7.14% from 6825 RMB/ton on the first day of the month, and up 0.6% compared with the same period last year.  On March 4, PVC commodity index was 79.04, up 0.16 points from yesterday, down 20.96% from 100.00 points (2011-Septmber-05), up 35.64% from 58.27 points, the lowest point on December 20, 2015 (Note: cycle refers to 2011-Septmber-01 till now).  Products: On February, PVC futures are quite volatile, occasionally rebound, but not durable. PVC spot prices continue to fall. The market was weak. In the past, during the Spring Festival, PVC manufacturers will reduce the load of the operation, and sometimes uninterrupted production. After the Spring Festival, as the downstream enterprises started to increase demand, PVC inventory gradually reduced. However, due to the impact of public health incidents this year, the resumption...

According to the monitoring of the commodity market analysis system of toodudu, the spot price of PVC carbide method SG5 remained basically stable last week. At the beginning of the week, the average domestic PVC price was 5,698 RMB/ton, and the average weekend price was 5,702 RMB/ton, with a price increase of 0.07% during the week. Last week, the domestic spot market price of PVC remained stable with an increase. At present, the spot market situation is still good, and the trading situation is average. The manufacturer's quotation is mainly stable. Downstream demand for goods is still cautious in actual transactions. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5,550-5,880 RMB/ton. On December 21st, international crude oil futures closed lower. The settlement price of the main WTI crude oil futures contract in the United States was $74.22 per barrel, a decrease of $0.33 or 0.4%. The settlement price of Brent crude oil futures main c...

Westlake Chemical Corporation announced that it has completed the acquisition of Hexion’s global epoxy business for approximately $1.2 billion in an all-cash transaction. “With this transaction, Westlake will significantly expand its integrated business by adding a leading downstream portfolio of coatings and composite products,” said Westlake President and Chief Executive Officer Albert Chao. “Light-weighting is a critical feature for the manufacture of structural components for automobiles and for renewable energy, particularly the composite blades used by wind turbines, and epoxies are key ingredients for these sustainable products. The industries served by Westlake Epoxy are very attractive and the business is expected to be a synergistic addition to Westlake’s existing businesses. We welcome the epoxy employees to the Westlake family and look forward to realizing the tremendous opportunities to grow the combined businesses.” Based in Rotterdam,...