Wednesday, February 06, 2008

EDC

Low level of activity kept EDC markets steady at US$435/MT in Asia in the week of February 4, 2008. Attempts by the producers to hike prices to US$460/MT levels in a bid to mirror higher feedstock ethylene costs were not accepted by the buyers. It seems that the buyers will win in this "who will relent first" situation, easing prices in the next few weeks of February.

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