Tuesday, August 28, 2007

POLYMER FEEDSTOCKS - EDC

Robust demand from Chinese buyers has given an upward thrust to EDC prices in Asia this week. EDC prices rose to US$480/MT in Asia in the week of August 20, 2007, with limited cargoes demanding US$10-15/MT more. The gap between sellers intention at US$500/MT widened as buyers preferred to maintain buying interest at last weeks levels.

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