EDC Weekly Report 07 Oct 2017

Weekly Price Trend: 02-10-2017 to 06-10-2017
 

• 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 remained firm in compare to previous week and at the end of this week prices were assessed at the level of Rs 16/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 16/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• This week in china market trading activity has remained firm as on golden week holiday market remained closed.
• This week oil prices have followed volatile trend. On Wednesday after slipping a bit oil prices rose on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market.
• FOB Korea prices of feedstock ethylene USD 1375/MT
• CFR China prices of feedstock ethylene USD 1345/MT
• CFR South East Asia prices of feedstock ethyleneUSD 1215/MT

$1 = Rs. 65.38
Import Custom Ex. Rate USD/ INR: 65.95
Export Custom Ex. Rate USD/ INR: 64.30