EDC Weekly Report 10 Aug 2018

Weekly Price Trend: 06-08-2018 to 10-08-2018

• 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 decreased in compare to previous week and at the end of this week prices were assessed at the level of Rs 32/kg.

Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have decreased in compare to previous week and were assessed at Rs 32/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• This week on account of firm buying sentiments from end users EDC prices have remained firm.
• FOB Korea prices of feedstock ethylene USD 1340/MT
• CFR China prices of feedstock ethylene USD 1395/MT
• CFR South East Asia prices of feedstock ethylene USD 1255/MT.
• As per report, US ethylene cargoes into China will be subject to a 25% levy as part of the retaliatory tariffs on $16bn of American goods.
• Indonesia’s Sulfindo is planning to shut its EDC plant for maintenance turnaround in Sept.
• This week oil prices have followed volatile trend. On Thursday Crude prices held near lower levels set in the previous session, as the escalating China-U.S. trade dispute cast doubt on the outlook for oil demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $66.81/bbl. Prices have decreased by $0.13/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.21/bbl in compare to last closing price and was assessed around $72.07/bbl. Both benchmarks tumbled more than 3 percent after U.S. data showed a smaller-than-expected weekly draw in crude inventories and a surprise build of 2.9 million barrels in gasoline supplies.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.25
 Export Custom Ex. Rate USD/ INR: 67.55