EDC Weekly Report 04 Nov 2017

Weekly Price Trend: 30-10-2017 to 03-11-2017
 

• 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 15/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 15/kg.
• In international market, prices of EDC have plunged in compare to earlier week.
• EDC demand sentiments have remained soft no deals and discussion has been heard.
• After the festive holiday domestic marekt have remained firm in near term it is anticipated that demand sentiments will go up.s
• FOB Korea prices of feedstock ethylene USD 1205/MT
• CFR China prices of feedstock ethylene USD 1235/MT
• CFR South East Asia prices of feedstock ethyleneUSD 1135/MT.

 $1 = Rs. 64.55
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 64.70