EDC Weekly Report 30 Sep 2017

Weekly Price Trend: 25-09-2017 to 29-09-2017
 

• 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 16/kg.

 Booking Scenario

INDIA & INTERNATIONAL

• This week in the domestic market, prices of EDC have decreased in compare to previous week and were assessed at Rs 16/kg.
• In international market, prices of EDC have increased in compare to earlier week.
• This week market is moving with positive rate of knot. Some market players are anticipating that ED demand sentiments will go up in near term from end users.
• This week oil prices have followed mixed trend. Investors have really gained confidence in oil, after the OPEC cuts that were originally discussed earlier in the year are starting to take shape here, and oil production is being curbed.
• As per report, EDC market is moving with soft velocity no major deals and discussion has been heard.
• FOB Korea prices of feedstock ethylene USD 1375/MT
• CFR China prices of feedstock ethylene USD 1345/MT
• CFR South East Asia prices of feedstock ethyleneUSD 1215/MT

$1 = Rs. 65.28
Import Custom Ex. Rate USD/ INR: 65.40
Export Custom Ex. Rate USD/ INR: 63.70