EDC Weekly Report 06 May 2017

Weekly Price Trend: 01-05-2017 to 05-05-2017

• 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 plunged in compare to previous week and at the end of this week prices were assessed at the level of Rs 22/kg.

     Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have plunged in compare to previous week and were assessed at Rs 22/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• Presently EDC market is moving with slow pace no major move has been seen from end users.
• This week EDC prices slightly have improved with the increase in the upstream prices.
• As per market players overall market sentiments has been bearish recently.
• CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD1070/mt.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1160/mt and USD 1205/mt.

$1 = Rs. 64.37
Import Custom Ex. Rate USD/ INR: 65.10
Export Custom Ex. Rate USD/ INR: 63.40