EDC Weekly Report 08 July 2017

Weekly Price Trend: 03-07-2017 to 07-07-2017
 

• 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 22/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 22/kg.
• In international market, prices of EDC also have remained firm in compare to earlier week.
• Presently EDC market is moving with soft velocity demand sentiments have been elastic from end users.
• This week oil prices have followed volatile inclination. On Thursday oil prices closed on slightly up note  after a sharp but short-lived boost from a much bigger-than-expected decline in U.S. inventories of crude oil and gasoline.CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD885/mt.
• Indonesia's Chandra Asri Petrochemical plans to boost the ethylene production capacity of its sole naphtha-fed steam cracker at Cilegon by 4.6% in Q1 2020. The cracker's ethylene production capacity will rise to 900,000 mt/year from 860,000 mt/year.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 890/mt and USD 925/mt respectively.

$1 = Rs. 64.59
Import Custom Ex. Rate USD/ INR: 65.65
Export Custom Ex. Rate USD/ INR: 63.95