Tuesday, November 27, 2007

FEEDSTOCK - EDC

EDC prices in Asia dipped to US$410/MT in Asia in the week of November 26, 2007 on bearish market sentiments. The subdued EDC market sentiments were caused by an influx of cheap deep-sea cargoes as well as restrained demand from vinyl producers. Buying bids that have dipped even lower have caused Taiwan's Formosa to suspend December EDC offers.

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