PVC-prices-China – Climate-neutrality 21-05-2022

PVC-prices-China – Climate-neutrality

-Major North-East Asian manufacturer reduces PVC prices for shipments to China

A major North-East Asian producer has reduced its offerings for June shipments of polyvinyl chloride (PVC) to China by USD130 per tonne, ICIS reported.

Price offers for June cargo are USD1,210 per ton, CFR China.

On a franco-to-board (FOB) basis in Northeast Asia, offers range from USD1,170 to USD1,190 per tonne depending on destinations.

There is no discount for June shipments.

According to the ICIS-MRC Price Review, in China, after the May holidays, there is a further subsidence in the prices of acetylene PVC. Against this background, producers proportionally adjust their export prices. The situation with shipments has improved in the last couple of months, some manufacturers promise shipments within 15 days from the date of payment. The number of sellers ready to ship resin to Russia has also increased. PVC-prices-China – Climate-neutrality

According to the ScanPlast review of MRC, in February the final production rate of unmixed PVC exceeded 82.6 thousand tons against 87.1 thousand tons a month earlier, all Russian producers maintained a high level of capacity utilization.

PVC-prices-China - Climate-neutrality

-Reliance Industries plans to build an EDX and PVC production facility in the UAE

Reliance Industries Limited (RIL) and Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) have signed an official shareholder agreement to build the production of ethylenedichloride (EDX) and polyvinyl chloride (PVC), the company said in a statement.

The TA’ZIZ EDC & PVC joint venture will build and operate a caustic, chlorine, EDX and PVC production facility with a total investment of more than USD2 billion (AED 7.34 billion). PVC-prices-China – Climate-neutrality

These chemicals will be produced in the UAE for the first time.

Reliance is a strategic partner of abu Dhabi National Oil Company (ADNOC) and ADQ, an Abu Dhabi-based investment and holding company, at TA’ZIZ EDC & PVC in the TA’ZIZ Industrial Chemicals Zone in Ruwais.

Reliance Industries plans to build an EDX and PVC production facility in the UAE

-Major North-East-Asian-manufacturer reduces PVC-prices for shipments to China

Reliance-Industries plans to build an EDX and PVC production facility in the UAE

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