Page 207 - CW E-Magazine (2-1-2024)

China Chemical Market Vegetable Oil Market

Prices as on December 26, 2023
Name of Chemicals 26th Dec-2023 19th Dec-2023 Change Rapeseed, Groundnut and Linseed move down
Acetone 992 973 19
Acrylic Acid 870 865 5
Acrylonitrile 1389 1390 -1 Downtrend prevailed in the market during the past week under
Adipic Acid 1257 1259 -2 review. Groundnut, Rapeseed and Linseed oils were cheaper
Aniline 1461 1479 -18
Benzene 990 964 26 by over 4%, while Sunfl ower oil dropped by 3.50%. Castor and
Bisphenol-A 1343 1357 -14 Cottonseed oils eased down by around a percent. Sesame oil
Butyl Acetate 1123 1131 -8 remained fi rm. Among imported oils, RBD palmolein remained
Butyl Acrylate 1276 1259 17 steady, while crude Palm was up by a percent. Crude degummed
n-Butanol 1929 1205 724
Caustic Soda 112 116 -4 Soyabean oil moved down by over 2%. In solvent extracted oils,
Chloroform 292 282 10 Soyabean was cheaper by over 2%, while Rice brans moved up
Cyclohexane 1002 1008 -6 from previously reported levels. Comparing the prices of some
Cyclohexanone 1315 1307 8
Dibutyl Phthalate 1394 1371 23 of the oils over the same period last year, groundnut is costlier
Diethylene Glycol 819 813 6 by a percent and sunfl ower is down by 40%. Rapeseed is down by 32% and linseed is cheaper by 38%.
Dimethyl Formamide 725 666 59 Sesame is costlier by 5%. Castor is cheaper by 17%, while cottonseed is cheaper by 34%.
Dioctyl Phthalate 1664 1636 28
Ethyl Acetate 983 975 8
Ethyl Acrylate 1361 1364 -3 Dec-2023 Dec-2023 Change Average Change
Ethylene Dichloride 402 386 16 Name of oils 22nd 15th [%] Dec-2022 [%]
Ethylene Glycol 597 582 15
2-Ethylhexyl Acrylate 1250 1891 -641 Local oils
Formaldehyde 166 165 1
Glycerine 710 710 - Groundnut oil 155,000 162,000 -4.32 153,442 1.02
Hydrogen Peroxide 117 116 1 Rapeseed oil 97,000 102,000 -4.90 143,077 -32.20
Isobutyl Alcohol 1197 1197 -
Isopropyl Alcohol 1151 1163 -12 Sunfl ower oil 83,000 86,000 -3.49 137,192 -39.50
Maleic Anhydride 1054 1049 5
Methanol 351 345 6 Linseed oil 86,000 90,000 -4.44 137,596 -37.50
Methyl Ethyl Ketone 1016 1010 6
Methyl Isobutyl Ketone 1972 1814 158 Sesame oil 240,000 240,000 – 229,692 4.49
Methylene Dichloride 373 342 31 Washed cottonseed oil 86,000 87,000 -1.15 131,212 -34.46
Monoethanolamine 1089 1089 0
Nitric Acid 311 317 -6 Castor oil (commercial) 121,500 122,500 -0.82 146,346 -16.98
Octanol 1476 1476 -
Phenol 1101 1098 3 Imported oils
Phthalic Anhydride 1054 1045 9
Polyvinyl Alcohol 1621 1613 8 RBD palmolein 82,000 82,000 – 99,019 -17.19
Propyl Acetate 1056 1219 -163
Propylene Glycol 1174 1147 27 Crude degummed soybean oil 85,500 87,500 -2.29 132,250 -35.35
Soda Ash 393 394 -1 (ex-Mumbai)
Stearic Acid 1202 1202 -
Styrene 1181 1156 25 Crude palm oil (5%) (ex-Kandla) 77,000 76,200 1.05 89,373 -13.84
Terephthalic Acid 824 798 26 Solvent extracted oils
Titanium Dioxide 2323 2323 -
Toluene 916 918 -2 Soyabean oil (Indore) 82,000 84,000 -2.38 131,750 -37.76
Vinyl Acetate 887 902 -15
o-Xylene 1066 1051 15 Rice bran oil (RG-I) 72,500 72,000 0.69 114,231 -36.53
Price in USD per mt Rice bran oil (RG-II) (industrial) 70,500 69,000 2.17 111,231 -36.62
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.

206 Chemical Weekly January 2, 2024 Chemical Weekly January 2, 2024 207

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