By Srinivas Chowdary Sunkara // petrobazaar // 16th August 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 a fortnightly basis.
The white oils / solvents and special products like Mineral Turpentine Oil (MTO), Hexane, SBP , Benzene , Toluene and Sulfur prices are remained unchanged by the oil marketing companies in India wef 16/08/2020 for the second half of August 2020.
In Mumbai, MTO(Mineral Turpentine Oil ) is sold at Rs.59000 per Kl, Hexane is priced at Rs.55000/- per KL, SBP is available at Rs.57000/- per Kl , Benzene is quoted at Rs.33950/- per Mt , Toluene prices remained unchanged at Rs.36750/- per Mt while Sulphur is quoted at Rs.6700/- per Mt.
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