Page 212 - CW E-Magazine (14-5-2024)

China Chemical Market Vegetable Oil Market

Prices as on May 7, 2024
Name of Chemicals 7th May-2024 30th April-2024 Change Linseed, Sunfl ower and Groundnut move down
Acetone 1173 1163 10
Acrylic Acid 944 943 1
Acrylonitrile 1521 1529 -8 Downtrend prevailed in the market during the past week under
Adipic Acid 1327 1325 2 review. Linseed and Cottonseed oils eased lower by over 2%, while
Aniline 1701 1668 33 Groundnut, Rapeseed, Sunfl ower and Castor oils moved down
Benzene 1200 1208 -8 in the range of 1-2%. Sesame oil was cheaper by 0.81%. Among
Bisphenol-A 1402 1400 2
Butyl Acetate 1053 1074 -21 imported oils, RBD palmolein was down by almost 4%, while
Butyl Acrylate 1262 1257 5 crude Palm was cheaper by over a percent. Crude degummed
n-Butanol 1103 1107 -4 Soyabean was down by almost 3%. In solvent extracted oils,
Caustic Soda 111 111 – Soyabean fell by over 3%, while Rice brans were down by
Chloroform 390 390 –
Cyclohexane 1052 1051 1 over 0.60%. Neem oil remained unmoved. Comparing the prices
Cyclohexanone 1337 1335 2 of some of the oils over the same period last year, groundnut is
Dibutyl Phthalate 1315 1307 8 cheaper by 10% and sunfl ower is down by 3%. Rapeseed is costlier
Diethylene Glycol 774 773 1 by 2% and linseed is costlier by 4%. Sesame is cheaper by 8%.
Dimethyl Formamide 668 702 -34
Dioctyl Phthalate 1369 1370 -1 Castor is cheaper by 3%, while cottonseed is costlier by 5%.
Ethyl Acetate 882 884 -2
Ethyl Acrylate 1206 1202 4 May-2024 April-2024 Change Average Change
Ethylene Dichloride 394 394 – Name of oils 3rd 26th [%] May-2023 [%]
Ethylene Glycol 620 619 1
2-Ethylhexyl Acrylate 1668 1667 1 Local oils
Formaldehyde 168 168 –
Glycerine 710 710 – Groundnut oil 147,500 150,000 -1.67 164,115 -10.12
Hydrogen Peroxide 130 132 -2 Rapeseed oil 100,000 101,500 -1.48 97,808 2.24
Isobutyl Alcohol 1055 1055 –
Isopropyl Alcohol 1262 1211 51 Sunfl ower oil 85,000 86,500 -1.73 87,538 -2.90
Maleic Anhydride 1013 1012 1
Methanol 361 359 2 Linseed oil 94,000 96,000 -2.08 90,577 3.78
Methyl Ethyl Ketone 1193 1189 4 Sesame oil 245,000 247,000 -0.81 265,346 -7.67
Methyl Isobutyl Ketone 2193 2190 3
Methylene Dichloride 325 331 -6 Washed cottonseed oil 94,000 96,000 -2.08 89,923 4.53
Monoethanolamine 1089 1089 –
Nitric Acid 257 252 5 Castor oil (commercial) 116,500 118,500 -1.69 120,125 -3.02
Octanol 1476 1476 – Imported oils
Phenol 1127 1128 -1
Phthalic Anhydride 1087 1078 9 RBD palmolein 89,000 92,500 -3.78 90,808 -1.99
Polyvinyl Alcohol 1754 1754 –
Propyl Acetate 999 999 – Crude degummed soybean oil 86,000 88,500 -2.82 88,019 -2.29
Propylene Glycol 1078 1076 2 (ex-Mumbai)
Soda Ash 281 276 5
Stearic Acid 1202 1202 – Crude palm oil (5%) (ex-Kandla) 87,400 88,700 -1.47 85,808 1.86
Styrene 1319 1323 -4 Solvent extracted oils
Terephthalic Acid 824 821 3
Titanium Dioxide 2413 2411 2 Soyabean oil (Indore) 85,500 88,500 -3.39 90,788 -5.82
Toluene 1053 1066 -13
Vinyl Acetate 869 869 – Rice bran oil (RG-I) 78,500 79,000 -0.63 88,019 -10.81
o-Xylene 1149 1147 2 Rice bran oil (RG-II) (industrial) 75,500 76,000 -0.66 85,808 -12.01
Price in USD per mt Neem oil 156,000 156,000 – – –
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.

212 Chemical Weekly May 14, 2024 Chemical Weekly May 14, 2024 213

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