Page 214 - CW E-Magazine (8-10-2024)

China Chemical Market Vegetable Oil Market

Prices as on October 1, 2024
Name of Chemicals 1st October-2024 24th September-2024 Change Castor and Sunfl ower gain; Linseed down
Acetone 837 824 13
Acrylic Acid 967 962 5 Mixed trends prevailed in the market during the past week under
Acrylonitrile 1212 1176 36
Adipic Acid 1173 1172 1 review. Groundnut, Sunfl ower and Sesame oils moved up by
Aniline 1436 1408 28 around 2%, while Castor oil gained over 3.5% and Cottonseed oil
Benzene 1168 1183 -15 fi rmed up by 5%. Linseed oil was down by 4%, while Rapeseed oil
Bisphenol-A 1380 1404 -24 gained marginally. Among imported oils, RBD palmolein was
Butyl Acetate 1000 1015 -15 up 5% and crude Palm gained 11% while crude degummed
Butyl Acrylate 1235 1208 27 Soyabean held steady. In solvent extracted oils, Soyabean was
n-Butanol 972 1022 -50 up by over 6%, while Rice brans gained around 2% and Neem
Chloroform 314 312 2
Cyclohexane 1093 1112 -19 oil remained fi rm. Comparing the prices of some of the oils over
Cyclohexanone 1343 1347 -4 the same period last year, groundnut is cheaper by 18%. Rapeseed
Dibutyl Phthalate 1203 1198 5 is up by 39%, while linseed is costlier by 34% and sunfl ower is
Diethylene Glycol 727 751 -24 up by 47%. Sesame is up by 2% and castor is up by 4%, while
Dimethyl Formamide 588 579 9 cottonseed is costlier by 53%.
Dioctyl Phthalate 1283 1273 10
Ethyl Acetate 865 856 9 Sep-2024 Sep-2024 Change Average Change
Ethyl Acrylate 1399 1378 21 Name of oils
Ethylene Dichloride 402 402 – 27th 20th [%] Sep-2023 [%]
Ethylene Glycol 646 638 8 Local oils
2-Ethylhexyl Acrylate 1505 1470 35
Formaldehyde 162 162 – Groundnut oil 150,000 147,500 1.69 182,521 -17.82
Hydrogen Peroxide 110 113 -3 Rapeseed oil 145,500 145,000 0.34 104,417 39.35
Isobutyl Alcohol 1198 1136 62
Isopropyl Alcohol 958 950 8 Sunfl ower oil 119,500 116,500 2.58 81,313 46.96
Maleic Anhydride 931 933 -2 Linseed oil 126,000 131,000 -3.82 93,958 34.10
Methanol 357 341 16
Methyl Ethyl Ketone 1051 1039 12 Sesame oil 255,000 250,000 2.00 250,292 1.88
Methyl Isobutyl Ketone 1459 2249 -790 Washed cottonseed oil 129,000 123,000 4.88 84,458 52.74
Methylene Dichloride 388 378 10
Monoethanolamine 957 969 -12 Castor oil (commercial) 136,000 131,300 3.58 127,000 7.09
Nitric Acid 224 225 -1 Imported oils
Phenol 1261 1264 -3
Phthalic Anhydride 1027 1003 24 RBD palmolein 126,000 120,000 5.00 82,483 52.76
Polyvinyl Alcohol 1845 1912 -67 Crude degummed soybean oil 119,000 119,000 – 86,354 37.80
Propyl Acetate 1148 1143 5
Propylene Glycol 1017 1027 -10 (ex-Mumbai)
Soda Ash 230 242 -12 Crude palm oil (5%) (ex-Kandla) 132,300 119,500 10.71 77,888 69.86
Styrene 1274 1308 -34
Terephthalic Acid 703 679 24 Solvent extracted oils
Titanium Dioxide 2239 2230 9 Soyabean oil (Indore) 120,000 113,000 6.19 84,042 42.79
Toluene 840 882 -42
Vinyl Acetate 795 787 8 Rice bran oil (RG-I) 112,000 110,000 1.82 81,750 37.00
o-Xylene 1013 1008 5 Rice bran oil (RG-II) (industrial) 109,000 107,000 1.87 78,750 38.41
Price in USD per mt Neem oil 163,000 163,000 – – –
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.

214 Chemical Weekly October 8, 2024 Chemical Weekly October 8, 2024 215

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