Wednesday, October 31, 2007

FEEDSTOCK - EDC

EDC prices dipped to US$415/MT in Asia in the week of October 29, 2007, on downbeat demand from downstream VCM and PVC buyers. The dull market sentiments from end users have been coupled with bearish prices of upstream ethylene. A gap of almost twenty dollars exists between buying intention from Chinese vinyl producers and sellers offers at around US$420/MT.

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