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 Q2 2015
In light of extremely high feedstock ethylene prices that remained above $1,300/tonne CFR (cost & freight) northeast (NE) Asia and southeast (SE) Asia for most of Q3 2014, Asia-origin ethylene dichloride (EDC) parcels continued to be unattractive compared to deep-sea cargoes. Most deep-sea cargoes originated from the US, as nearing the end of Q2, there was an ethylene shortage in Europe, resulting in a shortage of EDC too.
Deep-sea EDC parcels from the US were tight through Q3, largely due to tight ethylene supply in Louisiana, as a result of the Evangeline Pipeline shutdown and a delay in the Houston Shipping Channel. Citing high ethylene prices in Asia and limited deep-sea parcels, sellers’ offers were higher quarter on quarter.
However, EDC buyers were not able to match sellers’ offers due to weak performance in the downstream polyvinyl chloride (PVC) market. Due to the persistent buy-sell gap, few spot discussions and fixtures were heard and prices remained stable for much of Q3.
Average EDC prices were at $355/tonne CFR NE Asia for April and rose to remain at $370/tonne CFR NE Asia for the rest of Q2.
Updated to Q3 2015
Ethylene dichloride prices have seen a downward trend in the third quarter as a result of decreasing feedstock prices.
Feedstock ethylene saw significant decreases from July to September, which were largely reflected in the EDC spot range due to a generally balanced market.
August saw a typical summer lull in business with the majority of players away from the market.
The merchant market has also seen only a few new deals throughout the quarter with little to trigger increased demand once the majority of PVC production problems were resolved in July.
September was particularly quiet due to global bearishness in the PVC market as a result of economic problems in Asia.
Spot levels were assessed at $250-275/tonne FOB in the week ending 27 September.
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.