In the Mid of June xxxx, Ethylene Dichloride (EDC) prices in South Korea fell by x.xx due to lower ethylene prices, destocking, and weak demand. Meanwhile, in Europe, EDC prices remained stable despite declining ethylene prices, driven by geopolitical tensions, fluctuating oil prices, and tight supply due to low operating rates and slow imports.
The prices of EDC in the South Korean market dropped from USD xxx/MT to USD xxx/MT during the week ending June xx, xxxx. This price decrease was primarily attributed to a reduction in upstream ethylene prices and an ongoing destocking process by sellers. Lower market activities by buyers also contributed to the decline in EDC prices. For the past few months, ethylene prices have been on a downward trend. The domestic ethylene market experienced subdued trading momentum, reflecting a weakened purchase appetite for materials. The adverse impact on market sentiment arose...
