:: Articles --- ID :: 16658
Solvents prices are increased as on 01/10/2019
Mineral Turpentine Oil (MTO) prices up by 1.587, Hexane prices are revised up by 1.876, Sulphur prices are down by 14.29% while SBP prices are unchanged.

By Srinivas Chowdary Sunkara // petrobazaar // 01st Oct, 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 solvents like  Mineral Turpentine Oil (MTO) prices increased by Rs.1000/- per KL, Hexene prices are went up by Rs.1000 per KL , Sulphur prices are decreased by Rs.1200 while SBP prices are remained unchanged today by the oil marketing companies in India for the first half of October, 2019.


In Mumbai,  MTO(Mineral Turpentine Oil ) is priced at Rs.64000 per Kl, Hexane is sold at Rs.54300/- per KL, SBP is offered at Rs.65300/- per KL while Benzene and Toluene prices remained at Rs.49790/- and Rs.54500/- per Mt respectively. Sulphur is available at Rs.7200/- per Mt. in Mumbai.


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