EDC Weekly Report 21 July 2018
Weekly Price Trend: 16-07-2018 to 20-07-2018
- 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 decreased in compare to previous week and at the end of this week prices were assessed at the level of Rs 36/kg.
Total import at various ports of India June, 2018
Above graph represents the total imported quantity of EDC for the month of June 2018. As per graph last month total imports was around 54630MT. Last month at Hazira port imports were higher 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 36/kg.
- In international market, prices of EDC have increased in compare to earlier week.
- This week with the increase in demand from end users EDC prices have increased.
- This week feedstock Ethylene prices in Asia plunged on account of bearish upstream naphtha values, tight product availability and poor buying interest across the Asian region.
- FOB Korea prices of feedstock ethylene USD 1365/MT
- CFR China prices of feedstock ethylene USD 1400/MT
- CFR South East Asia prices of feedstock ethylene USD 1275/MT.
- CFR North East Asia prices were assessed down at the USD 1400/MT.
- This week oil prices have followed mixed trend. On Thursday, Brent crude fell as concerns about mounting supply returned after a brief rally on comments that Saudi Arabia's exports would fall in August. Crude also strengthened on forecasts that inventories at the U.S. oil delivery hub for WTI in Cushing, Oklahoma fell 1.8 million barrels, or 6.2 percent.
$1 = Rs. 68.87
Import Custom Ex. Rate USD/ INR: 69.60
Export Custom Ex. Rate USD/ INR: 67.90