EDC Weekly Report 07 July 2018

Weekly Price Trend: 02-07-2018 to 06-07-2018

• 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 27.5/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 27.5/kg.
• In international market, prices of EDC have increased in compare to earlier week.
• This week with the increase in demand from end users EDC prices have increased.
• This week feedstock ethylene prices have escalated with the increase in stipulation.
• FOB Korea prices of feedstock ethylene USD 1315/MT
• CFR China prices of feedstock ethylene USD 1390/MT
• CFR South East Asia prices of feedstock ethylene USD 1275/MT.
• This week oil prices have followed volatile trend. On Thursday Oil fell after U.S. President Donald Trump demanded OPEC cut crude prices, but the market found some support from an Iranian threat to block shipments through the Strait of Hormuz.
• On Thursday, closing crude values have plunged. WTI on NYME closed at $72.94/bbl; prices have plunged by $1.20/bbl in compared to last closing prices. While Brent on Inter Continental Exchange plunged by $ 0.37/bbl in compare to last closing price and was assessed around $77.39/bbl.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.70
 Export Custom Ex. Rate USD/ INR: 68.00