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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 Q2 2016
Buying interest remained strong for spot EDC at the start of Q2 as both feedstock ethylene and downstream polyvinyl chloride (PVC) prices were on an upward trend during that period.
However, ethylene prices started to stabilise and encountered a sharp drop in mid-May onwards, while PVC prices also softened from May to the end of Q2 due to softening demand.
Coupled with high EDC offers from US producers and rumours of low-priced volumes, a large price gap emerged and buying waned. While spot buyers were still interested in purchasing more volumes, they became more conservative due to large existing inventories and expectations of further PVC price drops in the near future.
Spot EDC prices in both northeast and southeast Asia surged in the first month of Q2 to $285/tonne CFR NE Asia and $275/tonne CFR SE Asia before gradually softening down to close Q2 at $260/tonne CFR NE Asia and $247.50/tonne CFR SE Asia.
Updated to Q2 2016
The European ethylene dichloride (EDC) market has been flat and stable in Q2, with very little spot business recorded since the beginning of 2016.
The majority of EDC production is integrated into larger chlorvinyls systems, and product is normally sold on the merchant market in Europe only when there is a gap in production.
Nevertheless, the market has been unusually illiquid from April to June, which some players attributed to weaker than expected demand in the downstream PVC market.
Feedstock ethylene prices have trended upwards strongly from April to June on the back of firmer crude oil prices, with the oil market recovering somewhat despite continuing oversupply.
However, due to the limited number of spot deals carried out in Q2, any impact on the EDC market could not be confirmed.
Updated to Q2 2016
US ethylene dichloride began the second quarter on an upward trajectory paralleling the rebound in crude oil prices.
But in May prices started to ease back down as US producers sought to remain competitive in export markets as oil leveled out.
US EDC exports are up 28% for the first few months of 2016 with strong growth in shipments to Asia where ethylene costs have been rising, according to data from the US International Trade Commission.
China, Japan, India, Taiwan, Egypt and Thailand are all growth markets for US PVC during Q2.
US producers of polyvinyl chloride (PVC) and precursor EDC enjoy a production cost advantage from feedstock ethylene cracked from ethane. Producers in Europe and Asia, the other primary global production centres, rely on naphtha from petroleum to make ethylene.
That has prompted production capacity expansions in the US and an emphasis of competing in international markets where US producers have steadily gained market share over the past five years.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Ethylene dichloride.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
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.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Ethylene dichloride. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Ethylene dichloride, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.