EDC

EDC prices firmed up to US$440/MT in Asia in the week of April 6, 2008 on two counts : a robust ethylene market gaining strength during the week and rising prices of upstream caustic soda. Producers quoted offers at over US$450/MT CFR Asia, met with weaker buying interest at least twenty dollars lower. Robust inventories with the downstream VCM producers have kept demand from gaining strength.

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