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According to media reports, six major producers in China has been found guilty in violating of China’s Anti-Monopoly Law (AML) by fixing market prices for PVC material, resulted in a fine of CNY103.58 million in total ($15.7 million).

These companies are Yibin Tianyuan Group, Sichuan Jinlu Group, Ningxia Younglight Chemicals Co., Inner Mongolia Juzheng Energy and Chemical Group, Elion Clean Energy Co and Inner Mongolia Eerduosi Resources Company.

In a report, the six producers were found participating in the ‘Western China PVC Association’ conference in 2016, exchange price information and agree to fix the sale prices of PVC products through group chats on WeChat. Such exercise severely limited market competition, damaged fair market order and harmed downstream companies and consumers.

Ningxia Younglight Chemicals is planning to appeal under the Article 32 of the Administrative Penalty Law, avoiding hitting its profits while other producers have not raise any plan to seek review on the decided panalty.