EDC Weekly Report 30 June 2018

Weekly Price Trend: 25-06-2018 to 29-06-2018

• 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 22/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 22/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• This week with the increase in demand from end users EDC prices have increased.
• This week feedstock ethylene prices have remained firm.
• FOB Korea prices of feedstock ethylene USD 1315/MT
• CFR China prices of feedstock ethylene USD 1380/MT
• CFR South East Asia prices of feedstock ethylene USD 1255/MT.
• This week crude oil prices have escalated. On Thursday oil prices climbed, with U.S. crude hitting a three-and-a-half year high, bolstered by supply concerns due to U.S. sanctions that could cause a large drop in crude exports from Iran.
• On Thursday, closing crude values have increased. WTI on NYME closed at $73.45/bbl; prices have increased by $0.69/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compare to last closing price and was assessed around $77.85/bbl.

 $1 = Rs. 68.47
 Import Custom Ex. Rate USD/ INR: 69.10
 Export Custom Ex. Rate USD/ INR: 67.40