March 24, PVC domestic average price (calcium carbide method SG5 before) mainstream ex-factory average price of 6000 yuan / ton, down 1.84% from the previous trading day, down 4.99% from the same period last year. On March 24, the PVC Commodity Index stood at 76.03, down 1.43 points from yesterday, down 23.97% from the cycle high of 100.00 points (September 5, 2011), and up 30.48% from the December 20, 2015 low of 58.27 points. (Note: The period is from September 1, 2011 to the present) Products: The domestic PVC market continued to fall on Tuesday. PVC futures continued to fall, and spot prices fell accordingly. Overseas, affected by the continued decline in the oil market and overseas public health incidents, PVC demand fell sharply, which had a greater impact on PVC exports, and business confidence is poor. Downstream PVC companies in Korea have resumed work and demand has slowed down, but still maintains a rigid purchasing process. For most manufacturers, trading is limited and t...

R-22 prices rose to Rs 257 (up 33.9% QoQ) in Q3FY22, catching up with inflation in other ref-gases, which will benefit SRF, Navin Fluorine and Gujarat Fluorochemicals (GFL). In packaging film segment, spread has increased for BOPET, but has been lower for BOPP (QoQ). SRF sees large new line commissioning which may put pressure on margins in near term. NTCF import volumes remain elevated probably on higher prices from domestic manufacturers; hence, long-term margins for technical textiles may not sustain at existing levels. Lauryl alcohol prices have started rising again from Dec’21. Inflation in Rossari Biotech’s four key raw materials will keep company margins under pressure. Pigment prices have increased (good for Sudarshan Chemical), but it was not able to complete pass-on inflation in Q3FY22. EPL will continue to face challenges from rising polymer prices. GFL would benefit from rise in PTFE volumes and higher realisations. PCBL has seen higher export volumes for carbo...