EDC Weekly Report 11 Feb 2017

Weekly Price Trend: 06-02-2017 to 10-02-2017

• 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 decreased in compare to previous week and at the end of this week prices were assessed at the level of Rs 26/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 26/kg.
• In international market, prices of EDC have increased in compare to earlier week.
• This week EDC prices have increased on account of improved demand sentiments from end users.
• Crude oil prices have followed fluctuation through the week and at end of the week prices have increased after an unexpected draw in U.S. gasoline inventories pointed to higher demand in the world's biggest oil market.
• As per report U.S. commercial crude inventories rose, high fuel inventories and rising U.S. crude production meant oil markets would be over-supplied for some time, but that they would drain gradually, while the rest of the world already showing signs of tightness.

• CFR North and South East Asia prices of feedstock Ethylene were assessed at the level of USD 1295/mt and USD1105/mt respectively.
• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1245/mt and USD 1295/mt.

$1 = Rs. 66.88
Import Custom Ex. Rate USD/ INR: 68.40
Export Custom Ex. Rate USD/ INR: 66.70