AGC recently held a ceremony at the Anyer plant in Indonesia of its chemical manufacturing and sales subsidiary, P.T. Asahimas Chemical to commemorate the completion of PVC expansion work at the plant and its first shipment of polyvinyl chloride (PVC). The ceremony was attended by the Indonesian government officials and the mayor of Cilegon. ASC has been increasing its capacity since the start of operations to meet the growing demand for chlor-alkali products, such as caustic soda and PVC, in the Southeast Asia region including Indonesia.  This capacity expansion is the first since the large capacity expansion implemented in 2016. Although the construction period was affected by COVID-19 pandemic, full-scale operations began in March 2022. As a result, the Group’s annual PVC production capacity has increased to 1.2 million tons in the Southeast Asia region (1 million tons before the expansion) and 750,000 tons at ASC (550,000 tons before the expansion). Unde...

Product name: PVC Latest price on August 23rd: 6,176 RMB/ton Analysis review On August 23rd, the PVC spot market rose, and the upstream calcium carbide market was operating at a high level, with strong cost support. In addition, the upward trend of futures on 23rd further boosted the confidence of the spot market. Overall, the trading sentiment in the PVC spot market had improved, with an increase in inquiries. However, actual order procurement remained cautious, with downstream customers mostly watching and purchasing on demand. Market outlook In the short term, the PVC spot market may continue to be stronger. If you have any questions, please feel free to contact toodudu with tdd-global@toodudu.com.