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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 2016
CFR (cost & freight) northeast (NE) Asia spot ethylene prices dipped 7.25% to $960/tonne in mid-November from early October, near their lowest levels since February 2016, pressured by ample supply of non-regional cargoes despite buoyant demand.
Improved derivative margins in the styrene monomer (SM) sector and an expected increase in derivative plant utilisation rates however, contributed to the recovery in spot prices by 16.70% from mid-November to around $1,120/tonne CFR NE Asia by early December, as some buyers were inclined to stock up cargoes ahead of the conclusion of discussions for 2017 term supplies.
Some discussions for 2017 term contract were heard in progress with offers on a ICIS CFR NE Asia-linked basis plus premiums ranging from $40-55/tonne. One key buyer in China was further said to be shoring up its inventories in the event that operations from a new methanol-to-olefins (MTO) plant were unstable. China's Fund Energy was widely heard to be eyeing to start up its MTO plant in Changzhou on 21 December 2016, several sources familiar with the situation said. This could not be officially confirmed, but a company source has not ruled out that possibility.
Updated to Q4 2016
European ethylene dichloride (EDC) spot prices were mostly flat in the fourth quarter but saw a spike in mid-October due to new business taking into account slightly higher feedstock price levels.
The EDC market has been very illiquid in 2016 with little spot business recorded, although some producers have been buying on a contractual basis in order to deal with production deficiencies.
This was attributed to the relatively small number of production issues in the market combined with average-to-weak downstream polyvinyl chloride (PVC) demand in Europe.
Going forward, a shift in the market is expected from mid-late 2017 onwards with several plants being phased out due to their chlorine component being based on mercury cell room technology, which is being discontinued in Europe from December 2017.
Several PVC producers will continue production with imported EDC, which is likely to increase demand.
Updated to Q4 2016
The US ethylene dichloride (EDC) market remained relatively soft during the fourth quarter as rising ethylene feedstock costs in the US met lower feedstock costs in Asia, the prime spot market for US export sales.
US spot sales and exports in October rebounded slightly after slumping in September.
But a major producer said that it would reduce output during the fourth quarter rather than try to compete with the disadvantage of high feedstock costs.
But rising prices for polyvinyl chloride (PVC) in Asia appeared likely to help pull EDC prices higher late in the quarter.
Despite the headwinds to Asia during the second half of 2016, US EDC exports are up 9% cumulatively for the first 10 months of 2016, mostly on greater sales to China, Japan, Taiwan, and Thailand.
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.