EDC Weekly Report 09 Sep 2017

Weekly Price Trend: 04-09-2017 to 08-09-2017
 

• 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 increased in compare to previous week and at the end of this week prices were assessed at the level of Rs 17/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 17/kg.
• In international market, prices of EDC also have increased in compare to earlier week.
• This week EDC prices have increased on account of increase in feedstock ethylene prices.
• Recently EDC market is moving with up velocity.
• Ethylene supply has been completely disrupted in the country on account of tropical storm in US.
• Texas alone produces three quarters of the country’s supply of Ethylene.
• The major producers like LyondellBasell, ExxonMobil and Chevron Phillips Chemical Co has shut down their major units. It could take a week or longer to re-start refineries and plants.
• FOB Korea prices of feedstock ethylene USD 1235/MT
• CFR China prices of feedstock ethylene USD 1285/MT
• CFR South East Asia prices of feedstock ethyleneUSD 1170/MT

$1 = Rs. 63.78
Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.25