EDC Weekly Report 20 May 2017

Weekly Price Trend: 15-05-2017 to 19-05-2017
 

• 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 plunged little bit in compare to previous week and at the end of this week prices were assessed at the level of Rs 21.5/kg.

Total import at various ports of India Apr, 2017

Above chart represent the imported quantity of EDC for the month of April, 2017. Last month total imported quantity was assessed 73695mt. As per chart at Cochin port higher quantity has been imported while at kandla port imports were lesser.

     Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have decreased in compare to previous week and were assessed at Rs 21.5/kg.
• In international market, prices of EDC also have decreased in compare to earlier week.
• Presently EDC market is moving with soft velocity demand sentiments have bearish from end users.
• This week overall crude oil prices have plunged with little volatility. Recent announcements by Russia and Saudi Arabia have helped oil prices to recover and several analysts have highlighted the energy sector as a potential play for investors.
• This week feedstock ethylene prices have increased.
• CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD1005/mt.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1150/mt and USD 1195/mt.

$1 = Rs. 64.64
Import Custom Ex. Rate USD/ INR: 65.30
Export Custom Ex. Rate USD/ INR: 63.60