EDC prices saw a marginal downward movement by five dollars to hover around US$395/MT in Asia in the week of December 24, 2007. This dip can be attributed to slow movement in downstream VCM demand. CFR offers for Southeast Asia held steady, while offers for Far East Asia saw a downward revision. A dip in the US EDC market resulted in a batch of cargo being quoted at US$360/MT FOB US Gulf.
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