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EDC prices plunged on bearish demand

EDC market is moving with soft velocity demand sentiments have been resilient from end users.

Far East Asia and South East Asia EDC prices have plunged owing to slothful stipulation from end users. Far East Asia and South East Asia EDC price was assessed in the range of USD 220-240mt and USD 200-220mt respectively. CIF India prices of EDC were evaluated in the range of USD 220-240/mt. Domestic EDC prices were reported Rs 19 per kg during the week

FOB Korea and CFR China prices of feedstock ethylene were evaluated at USD 955/mt and 995/mt likewise.