EDC Weekly Report 02 Dec 2017

Weekly Price Trend: 27-11-2017 to 01-12-2017

• 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 plunged in compare to previous week and at the end of this week prices were assessed at the level of Rs 13.5/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 13.5/kg.
• In international market, prices of EDC have decreased in compare to earlier week.
• EDC demand sentiments have been soft no major deals and discussion have been heard market is moving with soft velocity.
• For feedstock ethylene bullish buying sentiments have heard.
• FOB Korea prices of feedstock ethylene USD 1250/MT
• CFR China prices of feedstock ethylene USD 1295/MT
• CFR South East Asia prices of feedstock ethylene USD 1170/MT.

 $1 = Rs. 64.46
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50