EDC

EDC prices in Asia slipped to US$425/MT in Asia in the week of February 25, 2008 on growing supplies from producers. Key producers in Asia continue to run EDC plants at full capacity. However, high price of caustic soda has kept demand from China weak. This is estimated to lead to a scenario of a further increase in increased supplies, compelling producers to lower their EDC offers in near future. Interestingly, majority offers were still unchanged at US$450/MT CFR China, even as buying intentions persist at lower levels.