Tuesday, December 04, 2007


Compelled by lingering bearish market sentiments from end users, EDC price in Asia maintained its downtrend in the week of December 3, 2007 - dipping to US$400/MT. Few deals were done at US$400/MT CFR levels, as sellers tried to maintain offers at these levels, against the flow of buying intention pegged lower by over ten dollars. Buying intention continues to drop further for end of December shipment.

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