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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In Q1 2014, ethylene dichloride (EDC) prices continued on an upward trend, tracking gains in upstream ethylene prices caused by persistently tight spot supply.
According to ICIS data, prices on 3 January were at an average of $442.50/tonne CFR (cost & freight) NE (northeast) Asia before reaching a high of $495/tonne CFR NE Asia on 14 March, which was not seen since July 2011.
As a result, some regional chlor-alkali makers preferred to import EDC for downstream production purposes as it was more economical compared with producing EDC from higher-priced ethylene.
On the supply front, regional supply of EDC is tight due to increased demand and closely monitored operating rates at regional facilities considering the squeezed margins incurred from firm upstream ethylene and soft downstream polyvinyl chloride (PVC) prices.
Faced with high prices brought about by a combination of high feedstock costs, increased regional demand and limited spot availability, most buyers chose to use EDC supplied from contracts and only buy from the spot market on a need-to basis.
Updated to Q1 2014
European ethylene dichloride (EDC) spot prices have been stable to firm during the first quarter of 2014. In early January, spot prices were assessed at $340-345/tonne FOB (free on board) NWE (northwest Europe) and values edged up steadily until the second half of February, when prices had reached $390-410/tonne FOB NWE. Prices then stabilised at this level at the end of February and through March.
Prices had moved up during January and part of February because of good downstream demand for the time of year amid mild winter conditions in most parts of Europe and strong export opportunities, particularly to Asia due to high prices there. Prices at up to $420/tonne FOB were also heard from one producer during the first quarter, but there was insufficient market confirmation to substantiate this as a general market level. Prices levelled out during March, as players were balanced in their own systems and had no additional requirements. Some plant maintenance turnarounds taking place, often through the value chain, and the increase in EDC spot prices over the last few months had also limited any additional merchant activity to some extent.
Updated to Q1 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.
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.