EDC Weekly Report 29 April 2017

Weekly Price Trend: 24-04-2017 to 28-04-2017

• 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 plunged 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 plunged in compare to previous week and were assessed at Rs 23/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• Presently EDC market is moving with slow pace no major move has been seen from end users.
• This week EDC prices have plunged in domestic market and in International market prices have decreased while VCM prices in USA have remained flat.
• Overall EDC market is moving with weak velocity as demand sentiments from end users have been bearish.
• As per market players as demand from PVC sector has been lower no major deals has been heard because of this EDC market is moving with firm rapidity.
• CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD1065/mt.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1155/mt and USD 1200/mt.

$1 = Rs. 64.24
Import Custom Ex. Rate USD/ INR: 65.55
Export Custom Ex. Rate USD/ INR: 63.85