EDC Weekly Report 07 April 2018

Weekly Price Trend: 02-04-2018 to 06-04-2018

• 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 increased 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 increased in compare to previous week and were assessed at Rs 15/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• This week EDC prices have remained soft while feedstock prices have escalated.
• As per market players presently EDC material is available at port while demand has been bearish on account of this ED prices have remained firm.
• This week crude oil prices have remained volatile. On Thursday oil prices increased from gains in U.S. equities markets as trade tensions between China and the United States eased, but the advance was limited by strength in the dollar.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.31/bbl in compared to last trading and was assessed around $68.33/bbl.
• This week feedstock ethylene prices have escalated.
• FOB Korea prices of feedstock ethylene USD 1395/MT
• CFR China prices of feedstock ethylene USD 1375MT
• CFR South East Asia prices of feedstock ethylene USD 1280MT.

 $1 = Rs. 64.96
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20