FEEDSTOCK - EDC

EDC markets were lackluster on weak downstream demand, stagnating at US$415/MT in Asia in the week of November 5, 2007. Weaker prices and dull market sentiments in downstream VCM and PVC markets are reflected in the EDC price stagnancy. However, rising oil and naphtha prices have rendered unfeasible a downward price adjustment by EDC makers. This has led to a twenty dollar price difference between selling bids and buying intention.