Tuesday, September 11, 2007

POLYMER FEEDSTOCK - EDC

EDC market in Asia steadied at last weeks' level of US$480/MT in the week of September 10, 2007. A lull prevailed in the markets as most sellers could not match lower buying intention from the downstream vinyl producers. On the supply side, the markets will experience a 50,000 ton output loss over the next 3 weeks when Formosa shuts down its 1,100,000 tpa EDC plant at Mailio for annual maintenance.

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