EDC Weekly Report 27 May 2017

Weekly Price Trend: 22-05-2017 to 26-05-2017

• 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 increased in compare to previous week and at the end of this week prices were assessed at the level of Rs 23/kg.

     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 23/kg.
• In international market, prices of EDC also have remained firm in compare to earlier week.
• Presently EDC market is moving with soft velocity demand sentiments have soft from end users.
• This week oil prices have followed volatile trend. On Thursday, Crude oil prices plunged more than 5 percent below $49 per barrel for its biggest daily drop in three weeks as OPEC members agreed to extend oil output cuts for nine months, crude oil traders pushed prices down by more than 4%.
• This week feedstock ethylene prices have decreased.
• CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD945/mt.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1060/mt and USD 1105/mt.

$1 = Rs. 64.44
Import Custom Ex. Rate USD/ INR: 65.30
Export Custom Ex. Rate USD/ INR: 63.60