EDC Weekly Report 14 Oct 2017

Weekly Price Trend: 09-10-2017 to 13-10-2017
 

• 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 remained firm in compare to previous week and were assessed at Rs 16/kg.
• In international market, prices of EDC have remained firm in compare to earlier week.
• EDC demand sentiments have remained firm no deals and discussion has been heard.
• This week NE Asia feedstock ethylene prices fall amid weaker China downstream demand.
• In near term demand sentiments will be sluggish on account of upcoming festive holiday in domestic market.
• FOB Korea prices of feedstock ethylene USD 1280/MT
• CFR China prices of feedstock ethylene USD 1200/MT
• CFR South East Asia prices of feedstock ethyleneUSD 1165/MT

$1 = Rs. 64.93
Import Custom Ex. Rate USD/ INR: 65.95
Export Custom Ex. Rate USD/ INR: 64.30