Page 199 - CW E-Magazine (9-4-2024)

China Chemical Market Vegetable Oil Market

Prices as on April 2, 2024
Name of Chemicals 2nd April-2024 26th March-2024 Change Sunfl ower, Linseed and Cottonseed fall
Acetone 1008 1013 -5
Acrylic Acid 900 871 29
Acrylonitrile 1401 1368 33 Downtrend prevailed in the market during the past week
Adipic Acid 1312 1344 -32 under review. Sunflower and Linseed oils moved down
Aniline 1615 1563 52 by over 3%, while Rapeseed and Sesame oils fell by over a
Benzene 1172 1193 -21 percent. Cottonseed oil was down by over 2%. Castor oil was up
Bisphenol-A 1281 1299 -18
Butyl Acetate 1079 1067 12 marginally, while Groundnut oil remained steady. Among
Butyl Acrylate 1248 1259 -11 imported oils, RBD palmolein and crude Palm were down by
n-Butanol 1107 1089 18 over 3%, while crude degummed Soyabean remained unmoved.
Caustic Soda 120 120 -
Chloroform 392 392 - In solvent extracted oils, Soyabean was down by almost 7%, while
Cyclohexane 1015 1009 6 Rice brans were up by a percent. Comparing the prices of some
Cyclohexanone 1339 1349 -10 of the oils over the same period last year, groundnut is cheaper
Dibutyl Phthalate 1320 1296 24 by 12% and sunfl ower is down by 10%. Rapeseed is down by 7%
Diethylene Glycol 731 725 6
Dimethyl Formamide 684 662 22 and linseed is cheaper by 13%. Sesame is cheaper by a percent. Castor is cheaper by 7%, while cottonseed
Dioctyl Phthalate 1392 1471 -79 is cheaper by 6%.
Ethyl Acetate 907 913 -6
Ethyl Acrylate 1164 1183 -19 Mar-2024 Mar-2024 Change Average Change
Ethylene Dichloride 398 401 -3 Name of oils 28th 22nd [%] Mar-2023 [%]
Ethylene Glycol 626 630 -4
2-Ethylhexyl Acrylate 1688 1644 44 Local oils
Formaldehyde 167 167 -
Glycerine 710 710 - Groundnut oil 150,000 150,000 – 170,080 -11.81
Hydrogen Peroxide 128 127 1 Rapeseed oil 102,000 103,500 -1.45 110,160 -7.41
Isobutyl Alcohol 1071 1078 -7
Isopropyl Alcohol 1136 1159 -23 Sunfl ower oil 88,500 92,000 -3.80 98,720 -10.35
Maleic Anhydride 995 1004 -9
Methanol 360 383 -23 Linseed oil 94,000 97,000 -3.09 108,083 -13.03
Methyl Ethyl Ketone 1123 1132 -9 Sesame oil 250,000 253,000 -1.19 252,280 -0.90
Methyl Isobutyl Ketone 2190 2113 77
Methylene Dichloride 365 324 41 Washed cottonseed oil 94,000 96,000 -2.08 99,820 -5.83
Monoethanolamine 1089 1089 -
Nitric Acid 244 247 -3 Castor oil (commercial) 124,000 124,500 -0.40 132,896 -6.69
Octanol 1476 1476 - Imported oils
Phenol 1011 1069 -58
Phthalic Anhydride 1068 1069 -1 RBD palmolein 93,000 96,000 -3.13 96,140 -3.27
Polyvinyl Alcohol 1820 1810 10
Propyl Acetate 980 979 1 Crude degummed soybean oil 91,000 91,000 – 98,740 -7.84
Propylene Glycol 1090 1094 -4 (ex-Mumbai)
Soda Ash 269 284 -15
Stearic Acid 1202 1202 - Crude palm oil (5%) (ex-Kandla) 89,700 92,700 -3.24 87,320 2.73
Styrene 1288 1317 -29 Solvent extracted oils
Terephthalic Acid 812 809 3
Titanium Dioxide 2434 2418 16 Soyabean oil (Indore) 89,500 96,000 -6.77 104,000 -13.94
Toluene 1019 1016 3
Vinyl Acetate 918 1022 -104 Rice bran oil (RG-I) 78,000 77,000 1.30 83,120 -6.16
o-Xylene 1123 1127 -4 Rice bran oil (RG-II) (industrial) 75,000 74,000 1.35 80,120 -6.39
Price in USD per mt Neem oil 157,000 158,000 -0.63 – –
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.

198 Chemical Weekly April 9, 2024 Chemical Weekly April 9, 2024 199

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