Page 201 - CW E-Magazine (26-12-2023)

China Chemical Market Vegetable Oil Market

Prices as on December 19, 2023
Name of Chemicals 19th Dec-2023 12th Dec-2023 Change Groundnut gains; Sesame and Linseed move down
Acetone 973 985 -12
Acrylic Acid 865 865 -
Acrylonitrile 1390 1387 3 Downtrend prevailed in the market during the past week
Adipic Acid 1259 1266 -7 under review. Linseed oil was down by over 3%, while Sesame
Aniline 1479 1552 -73 oil dropped by 2%. Castor and Cottonseed oils moved down by
Benzene 964 944 20
Bisphenol-A 1357 1447 -90 under a percent. Groundnut oil gained over 2%, even as Rapeseed
Butyl Acetate 1131 1103 28 and Sunfl ower oils remained steady. Among imported oils, RBD
Butyl Acrylate 1259 1284 -25 palmolein and crude Palm were cheaper by just under 2%, while
n-Butanol 1205 1223 -18 crude degummed Soyabean was down by almost 3%. In solvent
Caustic Soda 116 116 - extracted oils, Soyabean eased lower by 3.45%, while Rice brans
Chloroform 282 281 1
Cyclohexane 1008 1003 5 were down by over 2.50%. Comparing the prices of some of the
Cyclohexanone 1307 1306 1 oils over the same period last year, groundnut is costlier by 6% and
Dibutyl Phthalate 1371 1284 87 sunfl ower is down by 37%. Rapeseed is down by 29% and linseed
Diethylene Glycol 813 830 -17 is cheaper by 35%. Sesame is costlier by 4%. Castor is cheaper by
Dimethyl Formamide 666 724 -58
Dioctyl Phthalate 1636 1672 -36 16%, while cottonseed is cheaper by 34%.
Ethyl Acetate 975 910 65
Ethyl Acrylate 1364 1368 -4 Name of oils Dec-2023 Dec-2023 Change Average Change
Ethylene Dichloride 386 386 - 15th 8th [%] Dec-2022 [%]
Ethylene Glycol 582 578 4
2-Ethylhexyl Acrylate 1891 1876 15 Local oils
Formaldehyde 165 164 1
Glycerine 710 710 - Groundnut oil 162,000 158,000 2.53 153,442 5.58
Hydrogen Peroxide 116 119 -3 Rapeseed oil 102,000 102,000 – 143,077 -28.71
Isobutyl Alcohol 1197 1194 3
Isopropyl Alcohol 1163 1152 11 Sunfl ower oil 86,000 86,000 – 137,192 -37.31
Maleic Anhydride 1049 1007 42
Methanol 345 342 3 Linseed oil 90,000 93,000 -3.23 137,596 -34.59
Methyl Ethyl Ketone 1010 1050 -40
Methyl Isobutyl Ketone 1814 1809 5 Sesame oil 240,000 245,000 -2.04 229,692 4.49
Methylene Dichloride 342 358 -16
Monoethanolamine 1089 1089 - Washed cottonseed oil 87,000 87,500 -0.57 131,212 -33.70
Nitric Acid 317 324 -7 Castor oil (commercial) 122,500 123,500 -0.81 146,346 -16.29
Octanol 1476 1476 -
Phenol 1098 1122 -24 Imported oils
Phthalic Anhydride 1045 1019 26
Polyvinyl Alcohol 1613 1609 4 RBD palmolein 82,000 83,500 -1.80 99,019 -17.19
Propyl Acetate 1219 1223 -4
Propylene Glycol 1147 1180 -33 Crude degummed soybean oil 87,500 90,000 -2.78 132,250 -33.84
Soda Ash 394 389 5 (ex-Mumbai)
Stearic Acid 1202 1202 -
Styrene 1156 1150 6 Crude palm oil (5%) (ex-Kandla) 76,200 77,700 -1.93 89,373 -14.74
Terephthalic Acid 798 804 -6 Solvent extracted oils
Titanium Dioxide 2323 2341 -18
Toluene 918 916 2 Soyabean oil (Indore) 84,000 87,000 -3.45 131,750 -36.24
Vinyl Acetate 902 861 41
o-Xylene 1051 1050 1 Rice bran oil (RG-I) 72,000 74,000 -2.70 114,231 -36.97
Price in USD per mt Rice bran oil (RG-II) (industrial) 69,000 71,000 -2.82 111,231 -37.97
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 December 26, 2023 Chemical Weekly December 26, 2023 201

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