By Srinivas Chowdary Sunkara // petrobazaar // 1st August 2020.
A Solvent is a liquid that dissolves a solute. Solvents are organic chemicals and form an important part of the Indian petrochemical industry. The Industry is dominated by PSUs and private companies. The prices of derivatives like chemicals and solvents are vulnerable to crude price volatility. For example Benzene is produced from naphtha, which is made from crude oil. Phenol and acetone are produced from benzene and propylene. Following the world crude crude price index, Oil marketing companies revise the solvents prices on a fortnightly basis.
The white oils / solvents and special products like Mineral Turpentine Oil (MTO), Hexane, SBP prices are up and Benzene , Sulfur prices decreased while Toluene prices remained unchanged by the oil marketing companies in India wef 1/08/2020 for the first half of August 2020.
In Mumbai, MTO(Mineral Turpentine Oil ) prices are increased by Rs.2000 to Rs.59000 per Kl, Hexane prices rose by Rs.2000 at Rs.55000/- per KL, SBP prices are up Rs.2000 at 57000/- per Kl while Benzene price is down by Rs.520 to Rs.33950/- per Mt and Toluene prices are unchanged at Rs.36750/- per Mt while Sulphur is down Rs.300 at Rs.6700/- per Mt.
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