Page 206 - CW E-Magazine (23-7-2024)

China Chemical Market Vegetable Oil Market

Prices as on July 16, 2024
Name of Chemicals 16th July-2024 9th July-2024 Change Castor swings up; Groundnut and Sunfl ower also gain
Acetone 1076 1082 -6
Acrylic Acid 907 854 53
Acrylonitrile 1253 1268 -15 Fairly steady trends prevailed in the market during the past week
Adipic Acid 1342 1357 -15 under review. Castor oil moved up by almost 6%. Groundnut
Aniline 1523 1521 2 and Sunflower oils gained over 1.60% each. Linseed oil was down
Benzene 1203 1224 -21 by a percent, while Cottonseed oil dropped by half a percent.
Bisphenol-A 1352 1376 -24 Rapeseed and Sesame oils remained steady. Among imported
Butyl Acetate 1049 1070 -21 oils, RBD palmolein was unmoved, while crude Palm and crude
Butyl Acrylate 1262 1267 -5
n-Butanol 1131 1171 -40 degummed Soyabean gained marginally. In solvent extracted
Chloroform 390 397 -7 oils, Soyabean and Neem oil were up by half a percent, while
Cyclohexane 1142 1178 -36 Rice brans remained firm. Comparing the prices of some of the
Cyclohexanone 1411 1429 -18 oils over the same period last year, groundnut is cheaper by 18%
Dibutyl Phthalate 1209 1252 -43 and sunflower is up by 3%. Rapeseed is up by 16% and linseed is
Diethylene Glycol 758 760 -2 costlier by 5%. Sesame is cheaper by over 4%. Castor is cheaper
Dimethyl Formamide 600 598 2 by a percent, while cottonseed is cheaper by 3%.
Dioctyl Phthalate 1367 1378 -11
Ethyl Acetate 822 798 24 July-2024 July-2024 Change Average Change
Ethyl Acrylate 1324 1322 2 Name of oils
Ethylene Dichloride 397 397 - 12th 5th [%] July-2023 [%]
Ethylene Glycol 646 643 3 Local oils
2-Ethylhexyl Acrylate 1549 1512 37
Formaldehyde 162 162 - Groundnut oil 152,500 150,000 1.67 185,385 -17.74
Hydrogen Peroxide 124 123 1 Rapeseed oil 117,000 117,000 – 100,831 16.04
Isobutyl Alcohol 1380 1419 -39
Isopropyl Alcohol 1177 1186 -9 Sunfl ower oil 92,000 90,500 1.66 89,654 2.62
Maleic Anhydride 958 971 -13 Linseed oil 100,000 101,000 -0.99 95,231 5.01
Methanol 345 344 1
Methyl Ethyl Ketone 1143 1141 2 Sesame oil 245,000 245,000 – 255,423 -4.08
Methyl Isobutyl Ketone 2185 2182 3 Washed cottonseed oil 93,000 92,500 0.54 96,058 -3.18
Methylene Dichloride 382 372 10
Monoethanolamine 861 859 2 Castor oil (commercial) 125,500 118,500 5.91 126,558 -0.84
Nitric Acid 228 228 - Imported oils
Phenol 1127 1127 -
Phthalic Anhydride 1060 1068 -8 RBD palmolein 91,000 91,000 – 87,365 4.16
Polyvinyl Alcohol 1854 1851 3 Crude degummed soybean oil 92,500 92,000 0.54 92,673 -0.19
Propyl Acetate 1159 1144 15
Propylene Glycol 957 964 -7 (ex-Mumbai)
Soda Ash 270 270 - Crude palm oil (5%) (ex-Kandla) 86,000 85,500 0.58 83,015 3.60
Styrene 1313 1304 9
Terephthalic Acid 825 833 -8 Solvent extracted oils
Titanium Dioxide 2178 2175 3 Soyabean oil (Indore) 90,500 90,000 0.56 90,058 0.49
Toluene 1049 1046 3
Vinyl Acetate 807 806 1 Rice bran oil (RG-I) 86,500 86,500 – 83,154 4.02
o-Xylene 1173 1171 2 Rice bran oil (RG-II) (industrial) 84,500 84,500 – 80,154 5.42
Price in USD per mt Neem oil 162,000 161,000 0.62 80,120 –
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 July 23, 2024 Chemical Weekly July 23, 2024 207

Contents Index to Advertisers Index to Products Advertised