By Srinivas Chowdary Sunkara // petrobazaar // 16th April 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 and SBP prices are increased while Toluene , Benzene and Sulfur prices are unchanged today by the oil marketing companies in India wef 16/05/2020 for the second half of May 2020.
In Mumbai, MTO(Mineral Turpentine Oil ) prices are increased Rs.5000 per KL to Rs.48500 per Kl, Hexane prices rose Rs.4000/- per KL to Rs.45100/- per KL, SBP prices are revised Rs.4000 up at 46950/- per Kl while Toluene, Benzene and sulfur prices are unchanged at Rs.32000/- , Rs.25290/- and Rs.7000/- per Mt respectively.
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