According to the data monitored by toodudu, the spot market price of PVC SG5 fell in September. On September 1, the average price of domestic PVC was 6,461.43 RMB/ ton, and on September 30, the average price was 6,265.71 RMB/ ton. The price fell 3.03% in the month. In September, the market price of PVC calcium carbide method SG5 rose first and then fell, with the overall trend mainly falling. In the first half of September, the PVC price increased steadily, the downstream inquiries increased, and the market trading atmosphere was fair. In the second half of September, the price fell, the spot market became weaker, and the futures price fell, which affected the confidence of the spot market. The spot market price fell, the actual transaction was limited, and the market trading atmosphere was light. Up to now, the quotation range of PVC 5 carbide in China is mostly around 6,000-6,450 RMB/ ton. In terms of international crude oil, on September 29, the international crude oil futures clo...

The Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) today signed investment agreements with eight United Arab Emirates (UAE)-based investors, marking the first domestic Public Private Partnership (PPP) in Abu Dhabi’s downstream and petrochemicals sector. The agreements comprise commitments by the investors to invest in an up to 20% stake in a portfolio of chemicals projects worth AED 15 billion ($4 billion) within the TA’ZIZ Industrial Chemicals Zone, alongside Abu Dhabi National Oil Company (ADNOC), ADQ, and other global strategic partners in Ruwais, Abu Dhabi.  The signing of the investment agreements was witnessed by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, and His Excellency Mohamed Hassan Alsuwaidi, Chief Executive Officer of ADQ. H.E. Dr. Sultan Al Jaber, said: “We are delighted to welcome leading UAE-based investors to  partner with ...