Ethylene Dichloride Price In USA
- United State: $250/MT
In the USA, the ethylene dichloride (EDC) market during Q4 2023 encountered significant challenges. Factors such as abundant inventories and subdued regional demand led to a bearish market scenario.
The latest report by IMARC, titled " Ethylene Dichloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of ethylene dichloride prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Ethylene Dichloride Prices December 2023:
- United State: $250/MT
- South Korea: $330/MT
- Saudi Arabia: $284/MT
- Netherlands: $341/MT
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The study delves into the factors affecting ethylene dichloride price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Ethylene Dichloride Price Trend- Q4 2023
The Ethylene Dichloride (EDC) market is primarily driven by its pivotal role as an intermediary in the production of vinyl chloride monomer (VCM), the precursor for polyvinyl chloride (PVC), a widely used plastic. The global demand for PVC, utilized extensively in construction materials such as pipes, fittings, profiles, and cables, significantly propels the EDC market forward. This demand is further amplified by the construction sector's expansion, especially in emerging economies where urbanization and infrastructure development are on the rise. Additionally, the increasing applications of PVC in healthcare, automotive, and packaging industries contribute to the demand for EDC. Another factor influencing the EDC market is the advancement in production technologies, which enhances efficiency and reduces environmental impact. However, the market is also subject to stringent environmental regulations due to the toxic nature of EDC and its production process, which can restrict market growth. Moreover, fluctuations in crude oil prices directly affect EDC production costs, introducing price volatility in the market. Overall, the EDC market's growth is intricately linked to the global PVC industry's expansion, technological advancements in production processes, and the broader economic factors influencing supply and demand dynamics.
Ethylene Dichloride Market Analysis
The global ethylene dichloride market size reached US$ 20.3 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 33.2 Million, at a projected CAGR of 5.60% during 2023-2032. In the final quarter of 2023, the Ethylene Dichloride (EDC) market dynamics and pricing trends were significantly influenced by a complex interplay of supply-demand imbalances, sector-specific consumption patterns, and macroeconomic factors across various regions. In North America, particularly in the USA, the market faced challenges characterized by high supply levels and a marked decrease in demand within the PVC sector, which is a major consumer of EDC. The accumulation of inventories and destocking activities further exacerbated the situation, leading to a pronounced bearish market trend. The drop in EDC prices by 15.8% to USD 255/MT in the USA was a direct consequence of these dynamics. The weakened demand in the PVC industry, coupled with the challenges in making sales due to lower margins amid a highly supplied market, underscored the price declines. Moreover, global logistic issues, such as delays caused by bottlenecks in significant trade routes and security concerns in the Red Sea, contributed to the strained market conditions by impacting the cost aspect of EDC and complicating international trade flows.
Conversely, the APAC region presented a varied scenario with moderate to high supply levels but faced a downturn in purchasing sentiments, particularly in South Korea, leading to an oversupplied and bearish market. The EDC market in South Korea saw a 10% decrease in prices, influenced by the pause in regional purchasing sentiments and a stable comparison to the previous year's prices. In the MEA region, particularly in Saudi Arabia, the market situation was slightly different, with a balanced market turning towards a supply shortage towards the quarter's end, primarily due to scheduled maintenance shutdowns, contributing to a 13% decline in prices. Europe faced its unique set of challenges with limited supply, high input costs, and production cuts, notably in the Netherlands, where low supply levels and bottlenecks in inventory availability led to a 6% increase in prices compared to the previous year. Across these regions, the primary factors shaping EDC prices included the level of available supply, demand within the PVC sector, macroeconomic influences such as high crude oil prices, and logistical challenges affecting.
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Key Points Covered in the Ethylene Dichloride Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Ethylene Dichloride Prices
- Ethylene Dichloride Price Trend
- Ethylene Dichloride Demand Supply
- Ethylene Dichloride Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Ethylene Dichloride Price Analysis
- Ethylene Dichloride Industry Drivers, Restraints, and Opportunities
- Ethylene Dichloride News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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