Ethylene Dichloride Prices, Pricing, Demand & Supply

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Furthermore, the USA witnessed a decline in EDC prices in the fourth quarter. The prices fell by 15.8% to reach USD 255/MT, FOB USGC towards the end of the quarter. This decline was driven by the sluggish demand in the PVC sector, along with the high inventory levels and destocking activit

North America

The fourth quarter of 2023 was challenging for the Ethylene Dichloride (EDC) market in North America, particularly in the USA. The market faced several factors that impacted prices and market dynamics. Firstly, high supply levels of EDC in the market due to ample inventories and low regional demand contributed to the bearish market situation. The PVC industry, a major consumer of EDC, experienced weak consumption and destocking activities, leading to lower purchasing sentiments. Additionally, the ongoing high supply pressure and uncertain export market outlook further affected the cost aspect of EDC in the region. 

Furthermore, the USA witnessed a decline in EDC prices in the fourth quarter. The prices fell by 15.8% to reach USD 255/MT, FOB USGC towards the end of the quarter. This decline was driven by the sluggish demand in the PVC sector, along with the high inventory levels and destocking activities. The market players faced challenges in making sales on lower margins amid a highly supplied market. 

 

 

Overall, the EDC market in North America, specifically in the USA, faced challenges in the fourth quarter of 2023 due to high supply levels, weak demand in the PVC sector, and destocking activities. These factors led to a decline in prices, for further decreases in the coming months. In Dec 2023,the EDC in the USA for the current quarter was USD 255/MT.

APAC

The current quarter (Q4) of 2023 for Ethylene Dichloride (EDC) in the APAC region witnessed several significant factors that impacted the market and prices. Firstly, there was a moderate to high supply of EDC in the market, leading to a balanced market situation. However, the market in South Korea experienced an excess of supplies, resulting in a bearish market situation. This oversupply was influenced by the pause in purchasing sentiments across the regional market, leading to a decline in prices. Additionally, the Indian market saw a decline in prices due to an oversupplied market and modest market transactions. 

In terms of specific pricing trends, the EDC prices in South Korea experienced a significant change during the quarter. The price percentage change from the previous quarter was -10%, indicating a decrease in prices. However, when compared to the same quarter of the previous year, there was no change in prices. In Dec 2023, the price of Ethylene Dichloride (EDC) FOB Busan in South Korea for the current quarter is USD 335/MT.

Overall, the APAC region experienced a mixed market situation for EDC in Q4 2023, with supply levels and market sentiments playing a crucial role in determining the price trends.

MEA

The MEA region experienced a balanced market situation for Ethylene Dichloride Prices in Q4 2023, with low to moderate supply and demand. EDC prices in the Saudi Arabian market displayed a downward trend due to low supplied market, as the market transaction remained on the increase in the regional downstream PVC industry while players already had lower levels of inventories.

Additionally, the adequate availability of inventory to meet recent orders within the regional market also diminished the demand-supply gap. The destocking sentiments among market players and high input cost pressure amidst surged crude oil values further weighed on the price momentum. 

The SABIC at Al Jubail scheduled maintenance shutdown for 31 days in December 2023 with a total EDC production capacity of 68917 TPM, which may cause a shortage of supplies and drive the prices of the commodity. The prices are declined by 13% in Q4, 2023 when compared with the previous quarter. The December 2023 price of Ethylene Dichloride Ex- Riyadh in Saudi Arabia was USD 289/MT.

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Europe

The fourth quarter of 2023 was challenging for the Ethylene Dichloride (EDC) market in Europe. Limited supply, high input costs, and production cuts were the primary factors affecting the market and prices during this period. The industry faced upward pressure from high crude oil prices, which led to modest inventory availability and impacted the current prices of the commodity. Additionally, downstream demand for EDC in the PVC production segment showed a marginal momentum, influenced by high interest rates and a slow increase in regional demand.

In the Netherlands, the EDC market experienced significant changes in prices. The market situation was bullish, with low supply causing upward pressure on input prices and bottlenecks in inventory availability. The trend, seasonality, and correlation price percentage for the country in the fourth quarter of 2023 were not available. In comparison to the same quarter of the previous year, there was a 6% increase in prices.

Overall, the EDC market in Europe faced supply constraints and increased input costs, leading to price fluctuations. The Netherlands experienced significant changes in prices, with low supply and bottlenecks in inventory availability. In Dec 2023, the price of Ethylene Dichloride (EDC) FD Rotterdam in the Netherlands was USD 346/MT.

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