Price trend On May 19, the average domestic spot price of PVC5 type was 8,637.5 RMB/ton, down 0.99% from the previous trading day and down 6.62% year-on-year. Analysis review At present, the futures price is falling, the spot market offers are falling, and the market trading is relatively flat. The downstream demand continues to maintain rigid demand. The downstream wait-and-see attitude is obvious, coupled with the weakening of exports, which suppresses the rich domestic atmosphere, and the focus of the PVC market shifts downward. As of the 19th, the price of raw calcium carbide was around 4,400-4,500 RMB/ton, and the price of PVC was 8,300-8,950 RMB/ton. Market outlook The PVC market is expected to weaken. If you have any questions, please feel free to contact toodudu with tdd-global@toodudu.com

Price trend According to the data monitored by toodudu, the price of PVC carbide SG5 fell last week. The average price on Friday was 6,325 RMB/ ton, and the price fell by 3.73% during the week. Market analysis Last week, the domestic spot market price of PVC was lowered. At present, the spot market is relatively light, and the enthusiasm of downstream and traders to take goods is not high. Last week, the futures prices showed a downward trend of increasing positions as a whole. In addition, the real estate data continued to perform poorly, the market confidence was obviously insufficient, the market situation weakened, and the sales of the carriers were under pressure. Up to now, the quotation range of domestic PVC5 electric stone is mostly around 5,950-6,580 RMB/ ton. In terms of crude oil, on August 19, the domestic SC crude oil futures rose, and the international oil price rebounded for two consecutive trading days. On Thursday, Brent crude oil rose by more than 3%, and SC crude o...

Orbia defers plan to divest its polymer solution business Orbia Advance Corporation has announced that in light of the COVID-19 pandemic and its impact on the global economy and capital markets, the company has decided to pause its efforts relating to a potential divestiture or other strategic alternative with regard to its Vestolit (Polymer Solutions Business Group). The company is prepared to wait for the right environment to maximize shareholder value in any transaction involving its Vestolit business. The company believes Vestolit is a fundamentally strong business, with a unique global footprint and strong cash generation, and will continue to focus on driving sustainable, profitable growth. Vestolit, part of polymer solutions group is as adaptable and dynamic as the materials it produces. It focuses largely on PVC and other vinyl polymers with a wide variety of applications including pipes, cables, flooring, auto parts, household appliances, clothing, packaging, and multiple med...

Thirumalai Chemicals Ltd has announced that Sanjay Sinha has joined the company as Chief Executive Officer with effect from the Jan 18. He has about 35 years of Industry experience in prominent organizations including Indo Rama Synthetics, JCT Ltd. and Reliance Industries Ltd. Sinha's last assignment was with Reliance Industries Ltd (RIL), where he has worked for about 21 years. In RIL, he has served as the Sector Head for Aromatics business and as Sector Head of Intermediates. He also led various businesses and senior functions including Profit Centre Head, Strategic Planning, Supply Chain, Export, Production, Project management and Quality enhancement programs. Sinha takes over from C.G. Sethuram the current CEO of TCL. C.G. Sethuram, moves to the senior position of Group CEO-TCL, where he will lead Strategic planning, Diversification, New Initiatives, Organisational improvement and various Oversight functions across TCL. N.S.Mohan joins TCL as President Manufacturing. Mr Mohan...

Meghmani Finechem Limited, a leading integrated chemical manufacturer in India, yesterday announced the commissioning of an additional 106,000 TPA capacity of caustic soda with a captive power plant of 36 MW. After the expansion, MFL will have 400,000 TPA of caustic soda capacity with a captive power plant of 132 MW. The plant has been commissioned on time and within the estimated CAPEX. An increase in the capacity of caustic soda is in line with the setting up of new derivatives and specialty chemicals, i.e., Epichlorohydrin (commissioned on 1st June 2022), CPVC Resin (commissioned on 18th July 2022), and other future products. This additional capacity of caustic soda will provide raw material for Epichlorohydrin, CPVC Resin, Chlorotoluene & its value chain and other future projects leading to strengthening MFL’s fully integrated complex. Considering India’s population and aspiration for better quality products, Government’s focus to boost the manufacturing segm...