EDC Weekly Report 04 August 2018

Weekly Price Trend: 30-07-2018 to 03-08-2018

• 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 increased in compare to previous week and at the end of this week prices were assessed at the level of Rs 34/kg.

Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have decreased in compare to previous week and were assessed at Rs 34/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• This week on account of firm buying sentiments from end users EDC prices have remained firm.
• China’s PetroChina Sichuan Petrochem restarts cracker.
• FOB Korea prices of feedstock ethylene USD 1340/MT
• CFR China prices of feedstock ethylene USD 1350/MT
• CFR South East Asia prices of feedstock ethylene USD 1240/MT.
• This week oil prices have followed mixed trend. On Thursday oil prices traded slightly higher, reversing course after a report that crude stockpiles at the U.S. storage hub at Cushing, Oklahoma fell in the latest week.U.S. stockpiles have been in the spotlight because they rose unexpectedly last week, stoking fears that the market is becoming oversupplied.
• On Thursday, closing crude values have increased. WTI on NYME closed at $68.96/bbl. Prices have increased by $1.30/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.06/bbl in compare to last closing price and was assessed around $73.45/bbl.

 $1 = Rs. 68.60
 Import Custom Ex. Rate USD/ INR: 69.25
 Export Custom Ex. Rate USD/ INR: 67.55