By Srinivas Chowdary Sunkara // petrobazaar // 1st July 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 fortnightly basis.
The white oils / solvents and special products like Mineral Turpentine Oil (MTO), Hexane , Toluene , Benzene and Sulphur prices are increased today by the oil marketing companies in India wef 1/07/2020 for the first half of July 2020.
In Mumbai, MTO(Mineral Turpentine Oil ) prices are raised Rs.7000/- per KL to Rs.57000 per Kl, Hexane prices are increased by Rs.5000/- per KL to Rs.53000/- per KL, SBP prices are up Rs.5000/- per KL at 55000/- per Kl while Benzene is priced at Rs.34470/- per Mt and Toluene is sold at Rs.36750/- per Mt. while Sulphur is priced at Rs.7000/- per Mt after an increase of Rs.350 per Mt.
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