EDC Weekly Report 04 March 2017

Weekly Price Trend: 27-02-2017 to 03-03-2017

• 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 25/kg.

     Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have remained firm in compare to previous week and were assessed at Rs 25.5/kg.
• In international market, prices of EDC have also have increased in compare to earlier week.
• Domestic market prices of EDC have remained firm on account of firm demand sentiments.
• The increasing U.S. crude output in recent months has largely offset the continuing production cuts by the OPEC and Russia are keeping prices in a slim range, said by analysts.
• Market predictors anticipating that the respite to continue for more weeks with the next major price mover likely to be OPEC’s meeting at the end of May in which members will decide whether to extend the cuts beyond the initial six-month period.
• CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD1150/mt.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1295/mt and USD 1340/mt.

$1 = Rs. 66.81
Import Custom Ex. Rate USD/ INR: 67.65
Export Custom Ex. Rate USD/ INR: 66.00