By Srinivas Chowdary Sunkara // petrobazaar // 16th March 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 , Benzene , SBP , Toluene and Sulphur prices are unchanged by the oil marketing companies in India wef 16/03/2020 for the second half of March 2020.
In Mumbai, MTO(Mineral Turpentine Oil ) prices are unchanged at Rs.60000 per Kl, Hexane prices are untouched at Rs.56100/- per KL, SBP prices are remained at 57950/- per Kl while Benzene is priced at Rs.50180/- per Mt and Toluene prices are unchanged at Rs.53000/- per Mt. Sulphur is sold at Rs.5750/- per Mt.
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