According to the data monitored by toodudu (average price of SG5 manufactured by calcium carbide method), on March 19, the mainstream average price of PVC in China was 8,725 RMB/ ton, up 2.72% from the beginning of the week, 17.54% from the beginning of the month, and 44.85% from the same period last year. Last week, PVC market prices rose significantly, with futures and spot prices rising to more than 9,000 RMB/ ton, with the focus moving to a high level. Supported by strong cost, strong external market prices, supply and demand, and other factors such as good, PVC market has risen greatly. At present, the price of raw material calcium carbide has risen by more than 40% since March, and the price is more than 5,000 RMB/ ton, which is significantly higher than that of the same period last year. Moreover, the supply of PVC is tight. Some PVC enterprises reduce the load to ease the pressure of cost. With the superposition of device maintenance, the on-site supply is declining, which is ...

The Centre has increased the budgetary allocation for the Department of Chemicals and Petrochemicals by 7% from Rs 218.34 crore in 2020-21 to Rs 233.14 crore this year. The budget has allocated Rs 53.73 crore for promotion of petrochemicals and Rs 117.88 for Central Institute of Plastic Engineering and Technology. Commenting on the Budget 2021-22, consultancy firm EY India stated that the policies announced in the Budget 2021 should generate demand for various specialty chemicals such as intermediaries or raw materials used for producing active pharmaceutical ingredients, technical textiles chemicals like dyes and intermediaries, colorants and paints, PVC, water treatment chemicals, emission control catalyst, construction chemicals, polycarbonates, TPUs, etc. “Overall, the Budget 2021 scores high in the current environment as the Indian chemical sector continues to provide strong support to the Indian economy and significantly contributes to India’s objective of b...