EDC Weekly Report 05 May 2018

Weekly Price Trend: 30-04-2018 to 04-05-2018

• 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 fluctuated little in compare to previous week and at the end of this week prices were assessed at the level of Rs 18/kg.

Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have fluctuated little in compare to previous week and were assessed at Rs 18/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• This week crude oil prices have fluctuated. On Thursday, prices boosted by OPEC production cuts and the potential for new U.S. sanctions against Iran, but gains were limited by growing U.S. crude inventories.
• EDC prices have remained stable on firm demand sentiments from end users. 
• Mitsui Chemicals is planning shut its naphtha-fed for a maintenance turnaround in mid-June 2018 until end-July 2018. It is located in Sakai, Japan, the cracker has an ethylene production capacity of 500,000 mt/year and propylene production capacity of 280,000 mt/year.
• Mitsubishi Chemical is in plans to shut its naphtha cracker for a maintenance turnaround in early-May, 2018 for around two months. Located at Kashima in Japan, the cracker has an ethylene production capacity of 540,000 mt/year and a propylene capacity of 260,000 mt/year.
• This week feedstock ethylene prices fall on sufficient regional product availability with tedious buying interest in the region.
• FOB Korea prices of feedstock ethylene USD 1250/MT
• CFR China prices of feedstock ethylene USD 1255MT
• CFR South East Asia prices of feedstock ethylene USD 1225MT.

 $1 = Rs. 66.86
 Import Custom Ex. Rate USD/ INR: 67.50
 Export Custom Ex. Rate USD/ INR: 65.80