By Srinivas Chowdary Sunkara // petrobazaar // 1st June 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 whilte oils / solvents and special products like Mineral Turpentine Oil (MTO), Hexane, Toluene , Benzene and SBP prices are increased while sulfur prices are decreased today by the oil marketing companies in India wef 01/06/2020 for the first half of June 2020.
In Mumbai, MTO(Mineral Turpentine Oil ) prices are increased by Rs.1500 to Rs.50000 per Kl, Hexane prices rose by Rs.2900 at Rs.48000/- per KL, SBP prices are up Rs.3050 at 50000/- per Kl while Benzene is priced at Rs.30630/- per Mt and Toluene prices are ticked up Rs.1500 to Rs.33500/- per Mt while Sulphur is sold at Rs.6650/- per Mt.
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