Page 219 - CW E-Magazine (3-12-2024)

China Chemical Market Vegetable Oil Market

Prices as on November 26, 2024
Name of Chemicals 26th November-2024 19th November-2024 Change Groundnut, Sesame and Castor move down
Acetone 817 814 3
Acrylic Acid 950 950 –
Acrylonitrile 1275 1276 -1 Downtrend prevailed in the market during the past week under
Adipic Acid 1161 1163 -2 review. Groundnut and Cottonseed oils eased lower by around
Aniline 1255 1279 -24 4%. Sesame oil slipped by 2% and Castor oil fell by a percent.
Benzene 1021 998 23 Linseed oil gained about 1.50%, even as Rapeseed and Sunflower
Bisphenol-A 1242 1248 -6 oils held firm. Among imported oils, RBD palmolein and crude
Butyl Acetate 1007 1015 -8 Palm was down in the range of 3-5%, while crude degummed
Butyl Acrylate 1203 1212 -9 Soyabean gained just over a percent. In solvent extracted oils,
n-Butanol 1022 1046 -24 Soyabean was down by over 4.50% and Rice brans were down by
Chloroform 276 286 -10
Cyclohexane 1054 1085 -31 about a percent. Neem oil remained steady. Comparing the prices
Cyclohexanone 1220 1163 57 of some of the oils over the same period last year, groundnut is
Dibutyl Phthalate 1158 1166 -8 cheaper by 7%. Rapeseed is up by 30%, while linseed is costlier
Diethylene Glycol 646 649 -3 by 43% and sunflower is up by 52%. Sesame is down marginally
Dimethyl Formamide 570 579 -9 and castor is up by 10%, while cottonseed is costlier by 42%.
Dioctyl Phthalate 1279 1307 -28
Ethyl Acetate 802 796 6 Nov-2024 Nov-2024 Change Average Change
Ethyl Acrylate 1189 1205 -16 Name of oils
Ethylene Dichloride 358 361 -3 22nd 15th [%] Nov-2023 [%]
Ethylene Glycol 637 638 -1 Local oils
2-Ethylhexyl Acrylate 1526 1537 -11
Formaldehyde 162 162 – Groundnut oil 144,000 150,000 -4.00 155,174 -7.20
Hydrogen Peroxide 100 100 – Rapeseed oil 136,500 136,500 – 104,739 30.32
Isobutyl Alcohol 1091 1145 -54
Isopropyl Alcohol 930 922 8 Sunfl ower oil 135,000 135,000 – 88,613 52.35
Maleic Anhydride 865 867 -2 Linseed oil 134,000 132,000 1.52 93,659 43.07
Methanol 352 339 13
Methyl Ethyl Ketone 1029 1011 18 Sesame oil 245,000 250,000 -2.00 246,087 -0.44
Methyl Isobutyl Ketone 1436 1468 -32 Washed cottonseed oil 127,000 132,000 -3.79 89,717 41.56
Methylene Dichloride 404 437 -33
Monoethanolamine 932 955 -23 Castor oil (commercial) 134,000 135,500 -1.11 121,667 10.14
Nitric Acid 222 222 – Imported oils
Phenol 1082 1066 16
Phthalic Anhydride 948 963 -15 RBD palmolein 132,500 136,500 -2.93 83,704 58.30
Polyvinyl Alcohol 1683 1688 -5 Crude degummed soybean oil 129,500 128,000 1.17 92,848 39.48
Propyl Acetate 1243 1267 -24
Propylene Glycol 978 981 -3 (ex-Mumbai)
Soda Ash 214 214 – Crude palm oil (5%) (ex-Kandla) 125,000 132,000 -5.30 79,657 56.92
Styrene 1234 1224 10
Terephthalic Acid 668 664 4 Solvent extracted oils
Titanium Dioxide 2080 2101 -21 Soyabean oil (Indore) 121,000 127,000 -4.72 89,304 35.49
Toluene 791 784 7
Vinyl Acetate 788 779 9 Rice bran oil (RG-I) 112,500 114,000 -1.32 75,413 49.18
o-Xylene 953 956 -3 Rice bran oil (RG-II) (industrial) 110,500 111,000 -0.45 72,413 52.60
Price in USD per mt Neem oil 164,000 164,000 – – –
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.

218 Chemical Weekly December 3, 2024 Chemical Weekly December 3, 2024 219

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