EDC Weekly Report 25 Nov 2017

Weekly Price Trend: 20-11-2017 to 24-11-2017

• 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 15/kg.

Total import at various ports of India October, 2017

Above graph represents the total imported quantity of EDC for the month of October 2017. Last month total imported quantity of EDC was around 61695mt. At Hazira port imported quantity were higher while at Kandla port imports were 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 15/kg.
• In international market, prices of EDC have increased in compare to earlier week.
• EDC demand sentiments have increased and discussion have improved.
• Keiyo Ethylene is planning to shut down its naphtha cracker. The unit will go off-stream next year in the month of May-June 2018. The exact maintenance period has not been specified yet by the company officials. Unit is based at Chiba in Japan and has the manufacturing capacity of 7, 40,000 mt/year.
• For feedstock ethylene bullish buying sentiments have heard.
• FOB Korea prices of feedstock ethylene USD 1240/MT
• CFR China prices of feedstock ethylene USD 1290/MT
• CFR South East Asia prices of feedstock ethylene USD 1165/MT.

 $1 = Rs. 64.70
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50