EDC

EDC prices in Asia, that had spiked in the last weeks of August, stabilized at US$480/MT in Asia in the week of Sep 3, 2007. Despite stringent supplies across the region, prices did not show much movement as demand from vinyl producers in China weakened on account of planned annual maintenance turnaround at several VCM plants in the region. Sellers indicated prices at least US$40-50/MT lower versus buyer bids at US$460/MT.