Global Ethylene Dichloride (EDC) prices have shown volatility and varied trends with the week ending on xxth May. In Europe, specifically in the Netherlands, EDC prices increased by x.xx, while in Asia, prices remained stable, and in the American market, they also remained unchanged.
In the Asian market, particularly in Japan, EDC prices rose by xx during the week ending May xx, xxxx, climbing from USD xxx/MT to USD xxx/MT. This increase is largely due to the depreciation of the Yen, which is influenced by the interest rate disparity between the Bank of Japan and other central banks. Refiners in South Korea and Japan are watching the US dollar&#xx;s strength against Asian currencies closely, as a significant weakening of the Won and Yen negatively impacts crude import economics and domestic fuel sales. The robust US dollar, coupled with weaker local currencies, is problematic for...
