EDC Weekly Report 06 Jan 2018

Weekly Price Trend: 01-01-2018 to 05-01-2018

• 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 remained firm 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 remained firm in compare to previous week and were assessed at Rs 13.5/kg.
• In international market, prices of EDC also have remained firm 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.
• This week oil prices have remained little volatile but overall closed on higher note. On Thursday U.S. crude oil prices rise to the highest level in 2½ years as markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts.
• For feedstock ethylene bullish buying sentiments have heard on account of this prices have escalated.
• FOB Korea prices of feedstock ethylene USD 1330/MT
• CFR China prices of feedstock ethylene USD 1385MT
• CFR South East Asia prices of feedstock ethylene USD 1285/MT.

 $1 = Rs. 63.37
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.80