Ethylene dichloride Prices, markets & analysis
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Use the independent price assessments and market coverage in our price reports to track the regional Ethylene dichloride market.
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Ethylene dichloride Asia, Europe & US Transcript
ICIS publishes a weekly global report on ethylene dichloride or EDC which covers the markets in Asia, United States and Europe.
The report tracks CFR northeast and southeast Asia prices, as well as FOB US Gulf and western Europe prices. Feedstock ethylene prices are also included.
Our global team of editors assess prices based on information supplied by our extensive list of market sources which include buyers, producers and traders.
Asia is the main destination for exports of EDC and our report tracks these as they happen. Deep sea export business is almost exclusively for the production of polyvinyl chloride, although there is significant demand for EDC from non-vinyl buyers in China, this is minor compared with the demand from the vinyl sector.
Price differentials between the different end-use sectors therefore result, with non-vinyl buyers willing to pay a premium price to secure EDC supply.
With its global outlook, based on strong regional reporting, our information on spot-transactions, supply-demand balances, exports and imports as well as contract price negotiations and settlements, provides readers with a very comprehensive overview of all the factors impacting EDC markets.
Our readers can and do keep on top of market movements and use our information as a reference for their own transactions
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Updated to Q4 2014
Asia’s spot market for ethylene dichloride (EDC) remained quiet in the last quarter of 2014, compared with the other markets in the vinyl chain. Spot prices of EDC fell quarter on quarter in line with softer prices of feedstock ethylene and downstream vinyl chloride monomer (VCM), albeit at a slower pace.
Prices rose slightly from $415/tonne CFR (cost & freight) northeast (NE) Asia on 3 October to $430/tonne CFR NE Asia on 17 October, but fell steadily to $335/tonne CFR NE Asia on 5 December.
Buyers were largely hesitant to buy spot EDC cargoes as they had sufficient volumes via contracts. In addition, the buyers preferred to maintain low inventory levels over the New Year holiday.
On the other hand, sellers were reluctant to lower their prices. While feedstock ethylene prices were low in Asia, they were comparatively higher than in the US. In addition, sellers were not keen on lowering their offers of US-origin EDC parcels due to the higher freight rates during winter.
Similarly, northeast Asian producers were unable to match the buyers’ ideas as operating costs have increased due to higher electricity tariffs, and gains in feedstock chlorine values. As a result, some EDC and vinyl producers chose to lower their operating rates and fulfil their contract requirements.
Updated to Q4 2014
European ethylene dichloride (EDC) merchant spot prices have had limited fluctuation, with minimal movements in either direction during the fourth quarter. In early October, prices were assessed at $370-390/tonne FOB and remained steady to slightly firmer during October. The stable-to-firmer sentiment was linked to stability in the upstream ethylene contract price in October along with upstream ethylene and chlorine output constraints at Shell’s Moerdijk site and AkzoNobel’s chlor-alkali plant at Botlek respectively, which had given risen to some additional EDC demand. However, prices were stable to softer during November and until mid-December, when values were at $360-370/tonne FOB. The softer tendency for EDC prices was mainly linked to upstream ethylene costs coming off. However, EDC demand is slightly better than expected this December, compared with previous years, according to one producer, which said that some ongoing upstream ethylene and chlorine constraints are helping to offset low seasonality in the downstream polyvinyl chloride (PVC) market to some extent.
The US ethylene dichloride (EDC) market saw growth in exports during the first half of the year and in the second quarter.
The outage of Axiall’s vinyl chloride monomer (VCM) plant in Lake Charles, Louisiana, meant that EDC manufactured for further processing to end-product polyvinyl chloride (PVC) at that plant was forced to find markets elsewhere. At least some of it ended up in export markets.
The US increased volumes to Egypt, Taiwan, Korea and India, a new market for US EDC exports during the quarter.
Spot EDC prices in the US have eased down slightly during the first half of the year, but pointed upward in June as outages in other regions increased demand for US product.
Over the past year, EDC prices have moved from about $250/tonne to enter the third quarter at an average $385/tonne, which appears to be a new level.
Market participants are watching Westlake Chemical’s planned acquisition of German specialty PVC maker Vinnolit. They say it may mean that Westlake EDC, made from US cost-advantaged shale gas, may be shipped to Europe for use as a low-cost feedstock once the deal is finalised.
Updated to Q2 2014
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Ethylene dichloride.
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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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