EDC Weekly Report 17 Feb 2018

Weekly Price Trend: 09-02-2018 to 16-02-2018

• 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 remained firm in compare to previous week and at the end of this week prices were assessed at the level of Rs 15/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 15/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• This week feedstock ethylene prices drop on account of sluggish buying trends ahead of the holidays and bearish upstream energy values.
• For feedstock Ethylene bearish buying trend have been heard.
• FOB Korea prices of feedstock ethylene USD 1255/MT
• CFR China prices of feedstock ethylene USD 1305MT
• CFR South East Asia prices of feedstock ethylene USD 1205/MT.
• This week oil prices have followed volatile trend. Oil prices extended gains on Thursday as a weak dollar and supportive comments from Saudi Arabia outweighed record U.S. production and rising inventories.

 $1 = Rs. 64.21
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85