By Srinivas Chowdary Sunkara // petrobazaar // 16th Dec 2019.
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 whilte oils / solvents and special products like Mineral Turpentine Oil (MTO), Hexane , SBP , Benzene and Sulphur prices are unchanged and Toluene prices are increased today by the oil marketing companies in India wef 16/12/2019 for the second half of Dec, 2019.
In Mumbai, MTO(Mineral Turpentine Oil ) is unchanged at Rs.62800 per Kl, Hexane is sold at Rs.55300/- per KL, SBP is offered at 59300/- per Kl while Benzene is priced at Rs.48320/- per Mt and Toluene prices are increased by Rs.1500 per Mt at Rs.54750/- per Mt. Sulphur is available at Rs.6500/- per Mt.
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