EDC Weekly Report 18 June 2018

Weekly Price Trend: 13-08-2018 to 17-08-2018

• 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 30/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 30/kg.
• In international market, prices of EDC have increased in compare to earlier week.
• As per report, EDC prices in northeast Asia are at their highest in 16 months amid short spot supply and uncertainty caused by the US-China trade tensions.
• Asia could see changing trade flows as China, a key import market in the region, will start imposing a 25% tariff on US-origin EDC on 23 August.
• Market participants expect US EDC cargoes to flow to other regions in Asia, as well as Europe when China's tariff takes effect.
• Market participants expect US EDC cargoes to flow to other regions in Asia, as well as Europe when China's tariff takes effect.
• In spite of this, the tight supply situation for EDC in Asia is expected to persist until October at least, said a market source.
• US feedstock ethylene prices rose amid higher ethane feedstock costs and an upset at one of the new large crackers.
• FOB Korea prices of feedstock ethylene USD 1375/MT
• CFR China prices of feedstock ethylene USD 1395/MT
• CFR South East Asia prices of feedstock ethylene USD 1255/MT.

 $1 = Rs. 70.15
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40