EDC Weekly Report 2 June 2018

Weekly Price Trend: 28-05-2018 to 01-06-2018

• 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 remained firm in compare to previous week and at the end of this week prices were assessed at the level of Rs 18/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 18/kg.
• In international market, prices of EDC have remained same in compare to earlier week.
• This week EDC prices have remained firm as no major trade deals has taken place.
• FOB Korea prices of feedstock ethylene USD 1275/MT
• CFR China prices of feedstock ethylene USD 1335MT
• CFR South East Asia prices of feedstock ethylene USD 1210MT.
• This week oil prices have remained mixed. On Thursday U.S. crude prices sank after a brief rally in the previous session, but as per analysis the recent slump in oil prices won't last much longer.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $67.04/bbl; prices have decreased by $1.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.09/bbl in compared to last trading and was assessed around $77.59/bbl.

 $1 = Rs. 67.05
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95