By Srinivas Chowdary Sunkara // petrobazaar // 16th 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 a fortnightly basis.
The white oils / solvents and special products like Mineral Turpentine Oil (MTO), Hexane, Toluene , Benzene, SBP and sulfur prices are unchanged by the oil marketing companies in India wef 16/07/2020 for the second half of July 2020.
In Mumbai, MTO(Mineral Turpentine Oil ) is sold at Rs.57000 per Kl, Hexane prices are stood at Rs.53000/- per KL, SBP is priced at 55000/- per Kl while Benzene is quoted at Rs.34470/- per Mt and Toluene price is Rs.36750/- per Mt while Sulphur is priced at Rs.7000/- per Mt.
Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com
