Ethylene Dichloride / Vinyl Chloride Monomer Asia

摘要

EDC: The Asian ethylene dichloride market gained $10/mt week on week Thursday to be assessed at $470/mt CFR Far East Asia, while the CFR Southeast Asia price remained unchanged over the same period at $470/mt. September delivery cargoes were heard done at $470-480/mt CFR China by a Japanese trader. South Korean producers were heard offering up to two cargoes at $480/mt CFR China. Demand from China increased due to the wide price spread between EDC and vinyl chloride monomer, which is currently at $440/mt. VCM producers typically need a margin of $300/mt to break even. Prices also increased due to the appreciation of the Yen, which was valued at Yen 76.58 to the dollar Thursday, up Yen 0.26 day on day. In Southeast Asia, the market was quiet, with no deals heard done this week.