Page 211 - CW E-Magazine (12-12-2023)

China Chemical Market Vegetable Oil Market

Prices as on December 5, 2023
Name of Chemicals 5th Dec-2023 28thNov-2023 Change Groundnut moves up; Sunfl ower, Linseed and
Acetone 992 982 10
Acrylic Acid 864 858 6 Castor move down
Acrylonitrile 1408 1441 -33
Adipic Acid 1291 1300 -9
Aniline 1685 1787 -102 Mixed trends prevailed in the market during the past week under
Benzene 981 1071 -90 review. Groundnut oil gained more than 2.5%. Sunflower,
Bisphenol-A 1440 1372 68 Linseed and Castor oils were cheaper by over 2%. Cottonseed oil
Butyl Acetate 1130 1050 80 was cheaper by 1.64%. Among imported oils, RBD palmolein was
Butyl Acrylate 1222 1218 4
n-Butanol 1094 1075 19 down by 0.59%, while crude Palm was down by 1.58%. Crude
Caustic Soda 119 117 2 degummed Soyabean was down by 3.69%. In solvent extracted oils,
Chloroform 282 290 -8 Soyabean was down by almost 6%, while Rice brans were down
Cyclohexane 1028 1045 -17 by about 2% each. Comparing the prices of some of the oils over
Cyclohexanone 1320 1318 2 the same period last year, groundnut is costlier by 4% and sunfl ower
Dibutyl Phthalate 1347 1267 80 is down by 35%. Rapeseed is down by 27% and linseed is cheaper
Diethylene Glycol 789 751 38
Dimethyl Formamide 669 738 -69 by 31%. Sesame is costlier by 7%. Castor is cheaper by 17%, while
Dioctyl Phthalate 1610 1600 10 cottonseed is cheaper by 31%.
Ethyl Acetate 988 906 82
Ethyl Acrylate 1376 1373 3 Name of oils Dec-2023 Nov-2023 Change Average Change
Ethylene Dichloride 385 385 0 01st 24th [%] Nov-2022 [%]
Ethylene Glycol 580 584 -4
2-Ethylhexyl Acrylate 1687 1679 8 Local oils
Formaldehyde 165 165 0
Glycerine 710 710 0 Groundnut oil 160,000 156,000 2.56 153,443 4.27
Hydrogen Peroxide 125 126 -1 Rapeseed oil 104,000 104,000 – 143,077 -27.31
Isobutyl Alcohol 1244 1244 0
Isopropyl Alcohol 1132 1132 0 Sunfl ower oil 89,000 91,500 -2.73 137,192 -35.13
Maleic Anhydride 1003 1016 -13
Methanol 341 336 5 Linseed oil 95,000 97,000 -2.06 137,596 -30.96
Methyl Ethyl Ketone 1061 1054 7
Methyl Isobutyl Ketone 1817 1846 -29 Sesame oil 245,000 245,000 – 229,692 6.66
Methylene Dichloride 353 350 3
Monoethanolamine 1089 1089 0 Washed cottonseed oil 90,000 91,500 -1.64 131,212 -31.41
Nitric Acid 314 294 20 Castor oil (commercial) 122,000 124,500 -2.01 146,346 -16.64
Octanol 1476 1476 0
Phenol 1145 1120 25 Imported oils
Phthalic Anhydride 1053 1026 27
Polyvinyl Alcohol 1781 1780 1 RBD palmolein 84,000 84,500 -0.59 99,019 -15.17
Propyl Acetate 1206 1205 1
Propylene Glycol 1136 1152 -16 Crude degummed soybean oil 93,500 95,000 -1.58 132,250 -29.30
Soda Ash 362 322 40 (ex-Mumbai)
Stearic Acid 1202 1202 0
Styrene 1179 1204 -25 Crude palm oil (5%) (ex-Kandla) 78,200 81,200 -3.69 89,373 -12.50
Terephthalic Acid 797 816 -19 Solvent extracted oils
Titanium Dioxide 2342 2427 -85
Toluene 935 948 -13 Soyabean oil (Indore) 87,000 92,500 -5.95 131,750 -33.97
Vinyl Acetate 829 843 -14
o-Xylene 1053 1091 -38 Rice bran oil (RG-I) 74,500 76,000 -1.97 114,231 -34.78
Price in USD per mt Rice bran oil (RG-II) (industrial) 71,500 73,000 -2.05 111,231 -35.72
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.

210 Chemical Weekly December 12, 2023 Chemical Weekly December 12, 2023 211

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