EDC Weekly Report 14 April 2018

Weekly Price Trend: 09-04-2018 to 13-04-2018

• 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 17/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 17/kg.
• In international market, prices of EDC have increased in compare to earlier week.
• This week EDC prices have remained soft while feedstock prices have escalated.
• This week EDC prices have escalated while feedstock prices decreased.
• Oil prices have escalated through the week but on Thursday prices have remained mixed.
• On Thursday, closing crude values have mixed. WTI on NYME closed at $67.07/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $72.02/bbl.
• This week feedstock ethylene prices have plunged.
• FOB Korea prices of feedstock ethylene USD 1385/MT
• CFR China prices of feedstock ethylene USD 1365MT
• CFR South East Asia prices of feedstock ethylene USD 1275MT.

 $1 = Rs. 65.20
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20