EDC Weekly Report 01 July 2017
Weekly Price Trend: 26-06-2017 to 30-06-2017
- The above graph focuses on the weekly price trend of EDC for the current week.
- As per the above graph, it has been inferred that this week the prices of EDC have remained firm in compare to previous week and at the end of this week prices were assessed at the level of Rs 22/kg.
Booking Scenario
INDIA & INTERNATIONAL
- This week in the domestic market, prices of EDC have plunged in compare to previous week and were assessed at Rs 22/kg.
- In international market, prices of EDC also have decreased by USD 20/mt in compare to earlier week.
- Presently EDC market is moving with soft-to-sluggish velocity demand sentiments have been soft from end users.
- Crude oil prices have followed positive inclination as the fall in U.S. production has bolstered markets this week.
- On Thursday, closing crude values have increased.WTI on NYME closed at $44.93/bbl, prices have increased by $0.19bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.11/bbl in compared to last trading and was assessed around $47.42/bbl.
- CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD885/mt.
- FOB Korea and CFR China prices of ethylene were assessed at the level of USD 915/mt and USD 965/mt respectively.
$1 = Rs. 64.58
Import Custom Ex. Rate USD/ INR: 65.15
Export Custom Ex. Rate USD/ INR: 63.50
