Wednesday, October 24, 2007


Sluggish markets with bearish demand caused EDC prices to dip to US$425/MT in Asia in the week of October 22, 2007. EDC market has been influenced by slow sales of downstream VCM and PVC markets, and has no takers despite the current low price levels. Infact, dull demand from China is estimated to have a further influence on EDC prices, forcing them further southwards in the next month. This anticipation of low prices has made the EDC market a laggard as buyers prefer to adopt a wait-and-watch strategy at the moment.

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