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.
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.