06 September 2013 20:42 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--US ethylene dichloride (EDC) exports for July surged by 100% from the same month a year ago, according to data released by the US International Trade Commission (ITC) on Friday.
US exports increased to 85,435 tonnes from 42,763 tonnes in July 2012.
The increase was the result of lower pricing out of the US Gulf, where EDC on an FOB spot basis is about $85/tonne lower than price levels in Asia.
Asia is the main destination for exports of US EDC.
Month on month, exports fell by 27% to 85,435 tonnes from 117,433 tonnes in June, the ITC said.
Top destinations for US EDC exports were China, India and Japan.
Deep sea export business is almost exclusively for the production of vinyl chloride monomer (VCM).
The prices quoted typically reflect lots of 2,000-5,000 tonnes.
US producers of EDC are Axiall, Basic, Dow, Formosa, Occidental Chemical, Oxy Vinyls, OxyMar and Westlake.
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