Price trend According to the data monitored by toodudu, the price of PVC carbide SG5 fell last week. The average price of domestic PVC was 6,668.57 RMB/ ton last Friday. The price fell by 1.58% in the week. Market analysis Last week, the domestic spot market of PVC rose first and then fell. On the whole, the price fell mainly. Last week, the futures fell continuously, the confidence of the spot market was insufficient, and the market situation gradually weakened. At present, the market demand for PVC is weak, and the sales of the holders are under pressure. The overall purchasing enthusiasm of downstream enterprises is poor. They purchase at a low price and receive orders on demand. Up to now, the quotation range of domestic pvc5 electric stone is mostly around 6,600-6,780 RMB/ ton On August 4, international crude oil futures fell continuously to the lowest point since February. The settlement price of the main contract of WTI crude oil futures in the United States was US $88.54/barr...

Chemplast Sanmar Limited, a specialty chemicals company, which is India’s dominant producer of Specialty Paste PVC, having significant presence in the custom manufacturing business and through its wholly- owned subsidiary, is the 2nd largest producer of Suspension PVC in India, has shown a revenue growth of 47% in Q1 FY23 to reach Rs. 1,411 crore and profit growth of 41% to reach Rs. 41 crore.  PVC prices have come under pressure due to oversupply from China. This is temporary and is caused by the lockdowns in China and the medium to long term outlook remains strong. The non-Specialty Chemicals segment registered an 94% increase in the revenues on YoY basis, mainly led by surge on the pricing front especially for Caustic Soda. Suspension PVC witnessed an increase of 42% in the overall revenues on a YoY basis driven by a 40% increase in the sales volumes. A part of higher volumes is due to completion of debottlenecking in May ’22. Finance cost for the quarter has been ...