The American EDC market remained highly dynamic throughout Q3 2020 with regional producers observing a sharp pick-up in the buying behavior in response to the pent-up PVC demand, especially from the Asian markets. Power outages due to Hurricane Laura delayed start-ups of several Chlor-Alkali units in Lake Charles causing tightening in both domestic and export supply. Olin, the world's largest Chlor-Alkali producer, was heard temporarily idling Chlor-Alkali plants to manage costs and inventories. Formosa Plastics USA declared force majeure on its PVC manufacturing unit in August after an upstream chlor-alkali unit remained shut for longer than planned, causing potential shortage of EDC stocks. EDC Prices took off from the ground levels after witnessing a historic plunge (about 70%) during Q2 2020.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Ethylene Dichloride (EDC) are analyzed and region-wise demand pattern is tracked.
Ethylene Dichloride (EDC), chemically known as 1,2-dichloroethane, is a colorless liquid with a pleasant chloroform-like odor. Ethylene dichloride is produced through the catalytic reaction of ethene (ethylene) and chlorine via one of two processes: direct chlorination using pure Chlorine and Ethylene; or oxychlorination in which Ethylene reacts with Chlorine in hydrogen chloride medium. More than 90% of ethylene dichloride produced globally, is used in the manufacture of vinyl chloride monomer (VCM), which is the key feedstock used in polyvinyl chloride (PVC) production. PVC is commonly used in pipes, ﬁttings, tubes, window frames, doors, wire, cable, ﬁlm, sheet, and ﬂooring. The major vinyl-chain downstream industries include construction, automotive, agriculture, electrical products, and healthcare. Thus, EDC supply-demand balance is strongly influenced by the downstream PVC industry. The remaining EDC goes into the manufacture of chlorinated solvents and ethylene amines which are widely used in textile, metal cleaning and adhesives industries. United States is the largest producer of EDC in the world, accounting for approximately 30% of the global capacity and production as of 2019.