EDC Weekly Report 24 March 2018

Weekly Price Trend: 19-03-2018 to 23-03-2018

• 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 increased in compare to previous week and at the end of this week prices were assessed at the level of Rs 14.75/kg.

Total import at various ports of India February, 2018

Above graph represents the prices of EDC for the month of February, 2018. Previous month total imported quantity was around 37675MT.

Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have increased in compare to previous week and were assessed at Rs 14.75/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• China's ZRCC to shut its cracker in April for maintenance.
• This week EDC market have remained stable no major fluctuations have been revealed.
• This week crude oil prices have followed little volatility while increased through the week. On Thursday oil prices fell as investors booked profits after this week's rally, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $64.30/bbl; prices have decreased by $0.87/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.56/bbl in compared to last trading and was assessed around $68.91/bbl.
• For feedstock Ethylene prices have escalated this week.
• FOB Korea prices of feedstock ethylene USD 1350/MT
• CFR China prices of feedstock ethylene USD 1360MT
• CFR South East Asia prices of feedstock ethylene USD 125MT.

 $1 = Rs. 65.00
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.15