EDC Weekly Report 16 Dec 2017

Weekly Price Trend: 11-12-2017 to 15-12-2017

• 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 13.5/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 13.5/kg.
• In international market, prices of EDC also have plunged in compare to earlier week.
• EDC demand sentiments have been soft no major deals and discussion have been heard market is moving with soft velocity.
• As per market report, the oil market to have a surplus of 200,000 barrels per day in the first half of next year before reverting to a deficit of about 200,000 bpd in the second half. That means 2018 overall should show closely balanced market.
• For feedstock ethylene bullish buying sentiments have heard.
• FOB Korea prices of feedstock ethylene USD 1255/MT
• CFR China prices of feedstock ethylene USD 1300/MT
• CFR South East Asia prices of feedstock ethylene USD 1195/MT.

 $1 = Rs. 64.04
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70