By Srinivas Chowdary Sunkara // petrobazaar // 1st May 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 whilte oils / solvents and special products like Mineral Turpentine Oil (MTO), Hexane, Toluene , Benzene , SBP prices are reduced today by the oil marketing companies in India wef 1/05/2020 for the first half of May 2020.
In Mumbai, MTO(Mineral Turpentine Oil ) prices are Rs.8000 per KL down at Rs.43500 per Kl, Hexane prices are reduced by Rs.7000 per KL at Rs.41100/- per KL, SBP prices are slipped Rs.7000/- per KL at 42950/- per Kl while Benzene is priced at Rs.25290/- per Mt and Toluene prices are revised down Rs.10000/- per Mt at Rs.32000/- per Mt. Sulphur is sold at Rs.7400/- per Mt.
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