EDC Weekly Report 09 June 2018

Weekly Price Trend: 04-06-2018 to 08-06-2018

• 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 plunged in compare to previous week and at the end of this week prices were assessed at the level of Rs 17.75/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 17.75/kg.
• In international market, prices of EDC have remained same in compare to earlier week.
• This week feedstock ethylene prices have escalated.
• FOB Korea prices of feedstock ethylene USD 1275/MT
• CFR China prices of feedstock ethylene USD 1355MT
• CFR South East Asia prices of feedstock ethylene USD 1230MT.
• There has been stupendous rise in EDC values in Asian market. Prices has crossed the mark of USD 300/MT in this month. Strong demand for VCM manufacturers and very limited domestic supply has been the major factors contributing for this tight EDC market condition. Strong demand from Poly Vinyl Chloride manufacturers where EDC is the major feedstock has been pulling the values to high range.
• Keiyo Petrochemical has shut down its Ethylene unit for maintenance turnaround. The unit will remain off-stream for around 5-6 weeks and is likely to resume production in the first errk of July 2018. Unit is based at Chiba in Japan and has the manufacturing capacity of Ethylene around 740,000 mt/year.
• This week oil prices have followed volatile trend. On Thursday oil prices surged due to concern about a steep drop in exports from Venezuela and concerns OPEC may not raise production at its meeting this month.

 $1 = Rs. 67.50
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15