EDC Weekly Report 11 March 2017

Weekly Price Trend: 06-03-2017 to 10-03-2017

• 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 remained firm in compare to previous week and at the end of this week prices were assessed at the level of Rs 25/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 25/kg.
• In international market, prices of EDC have also have remained firm in compare to earlier week.
• Domestic market prices of EDC have remained firm on account of firm demand sentiments.
• Presently market is moving with soft-to-stable velocity no major deals has been heard.
• This week oil prices have tumbled. In five days duration US oil prices have plunged around 7.5% while Brent oil have decreased 6.6% as record U.S. crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.
• CFR North East Asia prices of feedstock Ethylene were assessed at the level of USD1235/mt.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1295/mt and USD 1095/mt.

$1 = Rs. 66.60
Import Custom Ex. Rate USD/ INR: 67.65
Export Custom Ex. Rate USD/ INR: 66.00