Page 201 - CW E-Magazine (2-4-2024)

China Chemical Market Vegetable Oil Market

Prices as on March 26, 2024
Name of Chemicals 26th March-2024 19th March-2024 Change Linseed and Rapeseed down; Castor gains
Acetone 1013 1016 -3
Acrylic Acid 871 870 1
Acrylonitrile 1368 1358 10 Mixed trends prevailed in the market during the past
Adipic Acid 1344 1361 -17 week under review. Linseed oil fell by almost 6%, while
Aniline 1563 1488 75 Rapeseed and Cottonseed oils dropped by over 2%. Castor
Benzene 1193 1185 8 oil was up by over 2%. Sesame oil fell marginally, while
Bisphenol-A 1299 1301 -2
Butyl Acetate 1067 1067 - Groundnut and Sunfl ower oils remained steady. Among
Butyl Acrylate 1259 1266 -7 imported oils, RBD palmolein was down by over 0.5%,
n-Butanol 1089 1127 -38 while crude Palm fell by over 2%. Crude degummed
Caustic Soda 120 115 5
Chloroform 392 392 - Soyabean remained unmoved. In solvent extracted oils,
Cyclohexane 1009 991 18 Soyabean was down by over 0.5%, while Rice brans were
Cyclohexanone 1349 1354 -5 cheaper by over 3.50%. Comparing the prices of some of
Dibutyl Phthalate 1296 1319 -23 the oils over the same period last year, groundnut is cheaper by 12% and sunfl ower is down by 7%. Rapeseed
Diethylene Glycol 725 726 -1
Dimethyl Formamide 662 653 9 is down by 6% and linseed is cheaper by 10%. Sesame is costlier marginally. Castor is cheaper by 6%, while
Dioctyl Phthalate 1471 1555 -84 cottonseed is cheaper by 4%.
Ethyl Acetate 913 928 -15
Ethyl Acrylate 1183 1190 -7 Mar-2024 Mar-2024 Change Average Change
Ethylene Dichloride 401 411 -10 Name of oils 22th 15th [%] Mar-2023 [%]
Ethylene Glycol 630 639 -9
2-Ethylhexyl Acrylate 1644 1758 -114 Local oils
Formaldehyde 167 166 1
Glycerine 710 710 - Groundnut oil 150,000 150,000 – 170,080 -11.81
Hydrogen Peroxide 127 112 15
Isobutyl Alcohol 1078 1127 -49 Rapeseed oil 103,500 106,000 -2.36 110,160 -6.05
Isopropyl Alcohol 1159 1166 -7 Sunfl ower oil 92,000 92,000 – 98,720 -6.81
Maleic Anhydride 1004 997 7
Methanol 383 376 7 Linseed oil 97,000 103,000 -5.83 108,083 -10.25
Methyl Ethyl Ketone 1132 1161 -29
Methyl Isobutyl Ketone 2113 1991 122 Sesame oil 253,000 255,000 -0.78 252,280 0.29
Methylene Dichloride 324 323 1
Monoethanolamine 1089 1089 - Washed cottonseed oil 96,000 98,000 -2.04 99,820 -3.83
Nitric Acid 247 253 -6 Castor oil (commercial) 124,500 122,000 2.05 132,896 -6.32
Octanol 1476 1476 -
Phenol 1069 1064 5 Imported oils
Phthalic Anhydride 1069 1069 -
Polyvinyl Alcohol 1810 1819 -9 RBD palmolein 96,000 96,500 -0.52 96,140 -0.15
Propyl Acetate 979 979 -
Propylene Glycol 1094 1109 -15 Crude degummed soybean oil 92,500 92,500 – 98,740 -6.32
Soda Ash 284 284 - (ex-Mumbai)
Stearic Acid 1202 1202 -
Styrene 1317 1313 4 Crude palm oil (5%) (ex-Kandla) 92,700 94,700 -2.11 87,320 6.16
Terephthalic Acid 809 819 -10 Solvent extracted oils
Titanium Dioxide 2418 2408 10
Toluene 1016 1009 7 Soyabean oil (Indore) 96,000 96,500 -0.52 104,000 -7.69
Vinyl Acetate 1022 1041 -19
o-Xylene 1127 1127 - Rice bran oil (RG-I) 77,000 80,000 -3.75 83,120 -7.36
Price in USD per mt Rice bran oil (RG-II) (industrial) 74,000 77,000 -3.90 80,120 -7.64
The above prices are provided by Ms. Annie An of ECHEMI www.echemi.com, (Email: annie@echemi.com)
The prices are published only with a view to give some ideas of the market conditions. Note: Rates in Rs. per ton.
Source: Solvent Extractors Association of India.

200 Chemical Weekly April 2, 2024 Chemical Weekly April 2, 2024 201

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