Thursday, January 31, 2008

PROPYLENE - EDC

Subdued trading in Asia led to a stable EDC price structure at US$435/MT in the week of January 28, 2008. Sellers are unwilling to move from their prices in a bid to recover higher costs of feedstock ethylene, but buying interest from China remains lower, leading to a deadlock in the market, a situation where quotes are not being heard from sellers.

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