EDC Weekly Report 10 Feb 2018

Weekly Price Trend: 05-02-2018 to 09-02-2018

• 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 increased in compare to previous week and at the end of this week prices were assessed at the level of Rs 15/kg.

Total Imports from January to December 2017

Above graph represents the total imported quantity of EDC from January to December. As per graph in 2017 Total imported quantity was around 592524MT. In the month of April higher quantity has been imported while in December, imports were lesser.

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 15/kg.
• In international market, prices of EDC have increased in compare to earlier week.
• In China EDC market have remained firm on bearish market ahead of holiday.
• This week crude oil prices have followed weak trend. Oil prices fell sharply after the U.S. government reported crude stockpiles rose by 1.9 million barrels. The increasing U.S. oil production and crude stockpiles, and stock market sell-off, piled pressure on oil prices this week. A stronger dollar has also been a prevailing factor the decline. But the supply dynamics are working against a sustained price rally.
• For feedstock Ethylene bearish buying trend have been heard.
• FOB Korea prices of feedstock ethylene USD 1285/MT
• CFR China prices of feedstock ethylene USD 1315MT
• CFR South East Asia prices of feedstock ethylene USD 1225/MT.

 $1 = Rs. 64.40
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85