EDC Weekly Report 23 Dec 2017

Weekly Price Trend: 18-12-2017 to 22-12-2017

• 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 remained firm in compare to previous week and at the end of this week prices were assessed at the level of Rs 13.5/kg.

Total import at various ports of India November, 2017

Above chart shows the total imported quantity of EDC for the month of November 2017. Previous month total imported quantity was 50251MT. As per chart last month at Hazira port imports were higher while at Kandla port imported quantity was lesser.

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 13.5/kg.
• In international market, prices of EDC also have remained firm in compare to earlier week.
• EDC demand sentiments have been soft no major deals and discussion have been heard market is moving with soft velocity.
• PVC prices have increased on improved buying sentiments from end users but EDC market has remained firm.
• This week oil prices have followed mixed trend and closed on higher note. On Thursday, Oil prices higher, erasing earlier losses as Britain's Forties pipeline in the North Sea was expected to restart in early January after repairs over Christmas. Forties is the largest of the five North Sea crudes that underpin Brent, a benchmark for oil trading in Europe, the Middle East, Africa and Asia.
• On Thursday, closing crude values have increased. WTI on NYME closed at $58.36/bbl; prices have increased by $0.27/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.34/bbl in compared to last trading and was assessed around $64.90/bbl.
• For feedstock ethylene bullish buying sentiments have heard.
• FOB Korea prices of feedstock ethylene USD 1305/MT
• CFR China prices of feedstock ethylene USD 1335MT
• CFR South East Asia prices of feedstock ethylene USD 1255/MT.

 $1 = Rs. 64.04
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.20