By Srinivas Chowdary Sunkara // petrobazaar // 1st June 2021.
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.
SOLVENTS PRICES IN INDIA
SOLVENTS PRICES IN MUMBAI
The white oils / solvents and special products like MTO , Hexane, Benzene, Toluene and Sulfur prices are increased while SBP prices remained unchanged by the oil marketing companies in India wef 1/6/2021 for the first half of June, 2021.
In Mumbai, MTO(Mineral Turpentine Oil ) is sold at Rs.69500 per Kl, Hexane is priced at Rs.68850/- per KL, SBP is available at Rs.70350/- per Kl while Benzene is quoted at Rs.78580/- per Mt . Toluene is sold at Rs.59800/- per Mt while Sulphur price remained at Rs.16350/- 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