With the week ending on xxth April, Ethylene Dichloride (EDC) prices fell as the crude oil market continued to experience downward pressure and global prices of ethylene slumped, contributing to the drop in EDC trading fundamentals. Additionally, demand from the downstream Poly Vinyl Chloride market also decreased, further impacted by a decline in the construction sector.
During the week ending on April xx, xxxx, the EDC market in China saw a significant price decrease of x.xx, dropping from USD xxx/MT to USD xxx/MT. This decline is part of an ongoing trend reflecting challenges in the upstream market, particularly affecting petrochemical operations. With bearish petrochemical margins, cracker facilities have reduced operational rates, which has restrained any significant increases in Naphtha prices, closely linked to EDC production. Additionally, easing geopolitical tensions in the Middle East and lowered expectations for escalated US sanctions on Iran&#xx;s oil exports have mitigated some...
