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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EDC spot prices in both northeast and southeast Asia experienced little changes throughout the third quater despite a general softening in prices in downstream polyvinyl chloride (PVC) prices. This is attributed to a lack of spot activity in the EDC market. Due to persistently high feedstock ethylene prices, EDC producers were unable to lower their spot offers. On the other hand, buyers were amply stocked with contractual EDC volumes brought in from outside the region, and had little incentive to increase their spot indications, especially considering the softening PVC prices. As a result of this buy-sell gap, producers chose to focus on servicing EDC contracts. Most spot cargoes available in the northeast Asia market were of US origin, which were cheaper compared with Asia cargoes. However, due to further price reductions for October-loading PVC cargoes, there were no spot discussions heard in the northeast Asia spot market. Similarly, the assessed price ranges in southeast Asia had remained unchanged throughout the third quarter due to a lack of spot discussions.
Updated to Q3 2014
Updated to Q3 2014
European ethylene dichloride (EDC) spot prices were steady to soft during the third quarter, although prices were generally softer. In early July, EDC spot prices were at $400-410/tonne FOB northwest Europe, but had edged down by $10-30/tonne by mid-September. EDC sellers were keen to keep prices at least steady during the third quarter, despite some relief in upstream ethylene contract costs in August and September, amid low profitability through the chlorvinyls value chain. The latter is mainly linked to price erosion on caustic soda contracts over the last year. Prices, however, edged down slightly in mid-August amid quieter domestic demand during the summer holiday period and some plant maintenances. Prices were stable through the rest of August and in the early part of September, but they came off slightly in mid-September. The latter was attributed to the scarcity of domestic and export buying interest for spot EDC in the merchant market. Downstream polyvinyl chloride (PVC) demand was lower than expected in September in Europe in some cases for economic reasons.
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.
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.
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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.
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.
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