News From Plastics Industry. Daily updates on naptha, oil, plastic raw material price movements. News on crackers, and plastic plants. Information on developments in plastics packaging, packing products, additives for plastics, new plastic raw materials and plastic products
Wednesday, October 24, 2007
FEEDSTOCK - EDC
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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