Page 205 - CW E-Magazine (10-9-2024)

China Chemical Market Vegetable Oil Market

Prices as on September 3, 2024
Name of Chemicals 3rd September-2024 27th August-2024 Change Groundnut, Rapeseed, Linseed and cottonseed fi rm up
Acetone 941 941 -
Acrylic Acid 951 951 - Uptrend prevailed in the market during the past week under
Acrylonitrile 1146 1146 -
Adipic Acid 1287 1287 - review. Groundnut oil moved up by almost 2%, while Rapeseed
Aniline 1405 1405 - and Linseed oils gained by around 4%. Cottonseed oil swung
Benzene 1193 1193 - higher by almost 5%, even as Sunflower and Castor oils also
Bisphenol-A 1395 1395 - moved up from previously reported levels. Sesame oil remained
Butyl Acetate 1054 1054 - steady. Among imported oils, RBD palmolein was up by a percent
Butyl Acrylate 1256 1256 - and crude Palm gained 3% while crude degummed Soyabean
n-Butanol 1034 1034 - was up by over 1.5%. In solvent extracted oils, Soyabean was up
Chloroform 337 337 - by over 3%, while Rice brans moved up in the range of 1.2-2.3%.
Cyclohexane 1104 1104 - Neem oil was down by over half a percent. Comparing the prices
Cyclohexanone 1384 1384 - of some of the oils over the same period last year, groundnut is
Dibutyl Phthalate 1228 1228 - cheaper by 19% and sunflower is up by 4%. Rapeseed is up by 13%
Diethylene Glycol 768 768 - and linseed is costlier by 6%. Sesame is cheaper by 3%. Castor is
Dimethyl Formamide 557 557 - cheaper by a percent, while cottonseed is costlier by 8%.
Dioctyl Phthalate 1266 1266 -
Ethyl Acetate 850 850 - Aug-2024 Aug-2024 Change Average Change
Ethyl Acrylate 1403 1403 - Name of oils
Ethylene Dichloride 397 397 - 30th 23rd [%] Aug-2023 [%]
Ethylene Glycol 642 642 - Local oils
2-Ethylhexyl Acrylate 1389 1389 -
Formaldehyde 162 162 - Groundnut oil 152,500 150,000 1.67 187,173 -18.52
Hydrogen Peroxide 120 120 - Rapeseed oil 125,000 120,500 3.73 110,750 12.87
Isobutyl Alcohol 1144 1144 -
Isopropyl Alcohol 1097 1097 - Sunfl ower oil 93,000 92,000 1.09 89,019 4.47
Maleic Anhydride 953 953 - Linseed oil 104,500 101,000 3.47 99,019 5.54
Methanol 341 341 -
Methyl Ethyl Ketone 1151 1151 - Sesame oil 248,000 248,000 – 254,462 -2.54
Methyl Isobutyl Ketone 2222 2222 - Washed cottonseed oil 99,000 94,500 4.76 92,000 7.61
Methylene Dichloride 382 382 -
Monoethanolamine 934 934 - Castor oil (commercial) 126,500 126,000 0.40 128,288 -1.39
Nitric Acid 232 232 - Imported oils
Phenol 1187 1187 -
Phthalic Anhydride 1102 1102 - RBD palmolein 97,000 96,000 1.04 85,346 13.66
Polyvinyl Alcohol 1922 1922 - Crude degummed soybean oil 93,000 91,500 1.64 90,923 2.28
Propyl Acetate 1228 1228 -
Propylene Glycol 1034 1034 - (ex-Mumbai)
Soda Ash 255 255 - Crude palm oil (5%) (ex-Kandla) 93,000 90,300 2.99 81,088 14.69
Styrene 1323 1323 -
Terephthalic Acid 764 764 - Solvent extracted oils
Titanium Dioxide 2219 2219 - Soyabean oil (Indore) 92,500 89,500 3.35 89,346 3.53
Toluene 1005 1005 -
Vinyl Acetate 768 768 - Rice bran oil (RG-I) 89,000 87,000 2.30 87,154 2.12
o-Xylene 1137 1137 - Rice bran oil (RG-II) (industrial) 83,000 82,000 1.22 84,154 -1.37
Price in USD per mt Neem oil 163,000 164,000 -0.61 80,120 103.44
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.

204 Chemical Weekly September 10, 2024 Chemical Weekly September 10, 2024 205

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