By Srinivas Chowdary Sunkara // petrobazaar // 16th 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, SBP and sulfur prices are remained unchanged today by the oil marketing companies in India wef 16/06/2020 for the second half of June 2020.

In Mumbai,  MTO(Mineral Turpentine Oil ) prices are stood at Rs.50000 per Kl, Hexane is sold at Rs.48000/- per KL, SBP prices are remained at 50000/- per Kl while Benzene is priced at Rs.30630/- per Mt and Toluene is quoted at Rs.33500/- per Mt while Sulphur is sold at Rs.6650/- per Mt.

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