EDC Weekly Report 13 May 2017

Weekly Price Trend: 08-05-2017 to 12-05-2017

• 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 increased in compare to previous week and at the end of this week prices were assessed at the level of Rs 21.7/kg.

     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 21.75/kg.
• In international market, prices of EDC also have increased in compare to earlier week.
• Presently EDC market is moving with little bit up velocity demand sentiments have improved from end users.
• This week EDC prices have improved while upstream prices have remained firm.
• This week oil prices have followed up inclination with minute plunge. Last week U.S. crude stockpiles posted their biggest drawdown since December as imports dropped sharply, while inventories of refined products also fell, helping boost oil prices that have been weighed down by concerns about oversupply.
• CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD1060/mt.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1160/mt and USD 1205/mt.

$1 = Rs. 64.30
Import Custom Ex. Rate USD/ INR: 65.10
Export Custom Ex. Rate USD/ INR: 63.40