EDC Weekly Report 31 March 2017

Weekly Price Trend: 27-03-2017 to 31-03-2017

• 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 24/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 24/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• This week with the little volatility prices have remained on the higher note with the expectation of extended supply cut. Brent and WTI crude both were assessed above $50 per barrel. Crude prices remain over 4 percent higher than they were on Tuesday. On Thursday prices have escalated as Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply.
• CFR South East Asia prices of feedstock Ethylene were assessed at the level of USD1030/mt.

• FOB Korea and CFR China prices of ethylene were assessed at the level of USD 1095/mt and USD 1135/mt.

$1 = Rs. 65.46
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50