EDC Weekly Report 28 July 2018

Weekly Price Trend: 23-07-2018 to 27-07-2018

• 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 remained firm in compare to previous week and at the end of this week prices were assessed at the level of Rs 35/kg.

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 35/kg.
• In international market, prices of EDC have decreased in compare to earlier week.
• This week EDC prices have plunged on account of bearish demand sentiments from market players.
• This week feedstock Ethylene prices have plunged.
• FOB Korea prices of feedstock ethylene USD 1355/MT
• CFR China prices of feedstock ethylene USD 1370/MT
• CFR South East Asia prices of feedstock ethylene USD 1255/MT.
• This week oil prices have followed volatile trend. On Thursday, closing crude values have increased. WTI on NYME closed at $69.61/bbl; prices have increased by $0.31/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.61/bbl in compare to last closing price and was assessed around $74.54/bbl.

 $1 = Rs. 68.65
 Import Custom Ex. Rate USD/ INR: 69.60
 Export Custom Ex. Rate USD/ INR: 67.90