EDC

EDC prices in Asia stagnated at US$435/MT in the week of February 18, 2008, mainly in the absence of market activities as both buyers and sellers from China have not yet resumed normal trading levels. Speculative supplier offers for March cargoes were pegged at least thirty dollars higher, whereas estimated bids from buyers were lower by at least fifty dollars. As production margins continue to be inadequate, Asian producers are mulling an output cut.