EDC Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

• 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 plunged in compare to previous week and at the end of this week prices were assessed at the level of Rs 17.5/kg.

Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have plunged in compare to previous week and were assessed at Rs 17.5/kg.
• In international market, prices of EDC have remained same in compare to earlier week.
• This week feedstock ethylene prices have escalated.
• FOB Korea prices of feedstock ethylene USD 1295/MT
• CFR China prices of feedstock ethylene USD 1365MT
• CFR South East Asia prices of feedstock ethylene USD 1255MT.
• FPCC shut its No.3 cracker for maintenance on June 5 until July 17, 2018. Plant is located at Mailiao in Taiwan, the No. 1 cracker has an ethylene production capacity of 700,000 mt/year.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Friday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.

 
 $1 = Rs. 68.01
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15