18 June 2012 11:12 [Source: ICIS news]
The company may further trim the plant’s operating rate if prices continue to fall, the source added.
Meanwhile, buying sentiment for EDC has been dampened by the poor condition in the downstream polyvinyl chloride (PVC) market, which subsequently weighed down on EDC prices, according to market sources.
EDC prices plunged by $90/tonne (€71/tonne) from $310-320/tonne CFR (cost & freight) SE Asia on 27 April to settle at $220-230/tonne CFR SE Asia on 15 June, hitting an all-year low, according to ICIS data.
($1 = €0.79)
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