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 Q1 2015
Compared to the last few quarters, the ethylene dichloride (EDC) spot market in northeast Asia was more active, largely due to the emergence of lower-priced deep-sea spot parcels from the US and Europe in the first half of Q1. Average EDC spot price was assessed at $295/tonne CFR (cost & freight) northeast (NE) Asia at the start of the quarter, then dropped to its lowest point since August 2012 on 6 February at $245/tonne CFR NE Asia.
However, prices started to climb as low-priced spot cargoes disappeared from the market. Deep-sea cargoes became limited due to turnarounds, production issues and feedstock shortages in the US, allowing Q1 2015 to close at $325/tonne CFR NE Asia.
Unlike northeast Asia, the southeast Asia spot market was thinly discussed in Q1 due to a wide buy-sell gap. Producers were unable to lower their offers to entice buying interest due to expensive feedstock ethylene, while buyers were unwilling to increase their buying ideas as they had no urgent spot requirements.
Updated to Q1 2015
European ethylene dichloride (EDC) spot prices fell at the beginning of January from December levels and continued to trend downwards for the rest of the month due to falling feedstock ethylene prices and the low season in the downstream polyvinyl chloride (PVC) market.
For the rest of the quarter, prices remained mostly stable, with a slight uptick in mid-March as the downstream market for PVC improved and the falling feedstock trend reversed itself.
Demand picked up towards the beginning of March due to the high season for downstream PVC, although sources say they are having no problems in satisfying their requirements for material at present.
Liquidity in the market is very low because most production is integrated, with producers generally manufacturing EDC to use in derivative products and chemicals.
Updated to Q4 2014
The US ethylene dichloride (EDC) market began to enjoy lower feedstock costs in the US as global market prices fell and US producers followed the market to maintain international share.
US EDC prices fell from an average of $390/tonne on an FOB US Gulf basis, to an average of $300/tonne in early December.
US EDC export volumes were up 25% through October from 2013 on new production capacity and trade increases to Taiwan and India, where it has doubled, according to trade figures from the US International Trade Commission.
Trade activity has been helped by lowering ethylene prices in the US where several ethane crackers are returning to service after months-long unplanned outages. Ethylene was down to an average of $910/ton in November from $1,090/ton in September (from 54.5 cents/lb to 45.5 cents/lb).
Production of derivative product polyvinyl chloride is expected to grow in 2015 on increased demand from construction activity and macroeconomic growth.
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.