EDC Weekly Report 10 March 2018

Weekly Price Trend: 05-03-2018 to 09-03-2018

• 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 remained firm in compare to previous week and at the end of this week prices were assessed at the level of Rs 15/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 15/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• After Chinese holiday demand sentiments in china market is moving with soft-to- firm velocity, no major deals and discussion have been heard.
• This week oil prices have remained volatile. On Thursday oil prices fell headed for a second straight weekly drop on a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, surging U.S. crude production and investor jitters about a potential trade war.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $60.12/bbl; prices have decreased by $1.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.73/bbl in compared to last trading and was assessed around $63.61/bbl.
• For feedstock Ethylene bearish buying trend have been heard.
• FOB Korea prices of feedstock ethylene USD 1185/MT
• CFR China prices of feedstock ethylene USD 1260MT
• CFR South East Asia prices of feedstock ethylene USD 1225/MT.

 $1 = Rs. 65.16
 Import Custom Ex. Rate USD/ INR: 66.10
 Export Custom Ex. Rate USD/ INR: 64.40