Page 212 - CW E-Magazine (10-12-2024)

China Chemical Market Vegetable Oil Market

Prices as on December 3, 2024
Name of Chemicals 3rd December-2024 26th November-2024 Change Linseed, Rapeseed and Groundnut fall
Acetone 808 817 -9
Acrylic Acid 945 950 -5
Acrylonitrile 1299 1275 24 Downtrend prevailed in the market during the past week under
Adipic Acid 1147 1161 -14 review. Linseed and Rapeseed oils were down by about 2% each
Aniline 1290 1255 35 respectively. Groundnut oil was down by just over a percent, while
Benzene 1032 1021 11 Sunfl ower, Sesame, Cottonseed and Castor oils also moved down
Bisphenol-A 1231 1242 -11 in the range between 0.50 and 1% each. Among imported oils, RBD
Butyl Acetate 994 1007 -13 palmolein was up by 0.38% and crude Palm was up by 4% while crude
Butyl Acrylate 1202 1203 -1 degummed Soyabean was almost down by 4%. In solvent extracted
n-Butanol 1010 1022 -12 oils, Soyabean and Neem oils remained unmoved while Rice brans RG-I
Chloroform 275 276 -1
Cyclohexane 1060 1054 6 and RG-II were down by over 2 and 3% each respectively. Comparing
Cyclohexanone 1232 1220 12 the prices of some of the oils over the same period last year, groundnut
Dibutyl Phthalate 1136 1158 -22 is cheaper by 8%. Rapeseed is costlier by 28%, while linseed is costlier
Diethylene Glycol 646 646 – by 40% and sunfl ower is up by 51%. Sesame is down by over a percent
Dimethyl Formamide 573 570 3 and castor is costlier by 9%, while cottonseed is costlier by 40%.
Dioctyl Phthalate 1240 1279 -39
Ethyl Acetate 800 802 -2 Nov-2024 Nov-2024 Change Average Change
Ethyl Acrylate 1188 1189 -1 Name of oils
Ethylene Dichloride 350 358 -8 29th 22nd [%] Nov-2023 [%]
Ethylene Glycol 633 637 -4 Local oils
2-Ethylhexyl Acrylate 1489 1526 -37
Formaldehyde 162 162 – Groundnut oil 142,500 144,000 -1.04 155,174 -8.17
Hydrogen Peroxide 105 100 5 Rapeseed oil 134,000 136,500 -1.83 104,739 27.94
Isobutyl Alcohol 1065 1091 -26
Isopropyl Alcohol 921 930 -9 Sunfl ower oil 134,000 135,000 -0.74 88,613 51.22
Maleic Anhydride 862 865 -3 Linseed oil 131,000 134,000 -2.24 93,659 39.87
Methanol 352 352 –
Methyl Ethyl Ketone 1026 1029 -3 Sesame oil 243,000 245,000 -0.82 246,087 -1.25
Methyl Isobutyl Ketone 1391 1436 -45 Washed cottonseed oil 126,000 127,000 -0.79 89,717 40.44
Methylene Dichloride 423 404 19
Monoethanolamine 895 932 -37 Castor oil (commercial) 133,000 134,000 -0.75 121,667 9.31
Nitric Acid 220 222 -2 Imported oils
Phenol 1072 1082 -10
Phthalic Anhydride 943 948 -5 RBD palmolein 133,000 132,500 0.38 83,704 58.89
Polyvinyl Alcohol 1730 1683 47 Crude degummed soybean oil 124,500 129,500 -3.86 92,848 34.09
Propyl Acetate 1198 1243 -45
Propylene Glycol 962 978 -16 (ex-Mumbai)
Soda Ash 214 214 – Crude palm oil (5%) (ex-Kandla) 130,000 125,000 4.00 79,657 63.20
Styrene 1223 1234 -11
Terephthalic Acid 653 668 -15 Solvent extracted oils
Titanium Dioxide 2074 2080 -6 Soyabean oil (Indore) 121,000 121,000 – 89,304 35.49
Toluene 801 791 10
Vinyl Acetate 782 788 -6 Rice bran oil (RG-I) 110,000 112,500 -2.22 75,413 45.86
o-Xylene 950 953 -3 Rice bran oil (RG-II) (industrial) 107,000 110,500 -3.17 72,413 47.76
Price in USD per mt Neem oil 164,000 164,000 – – –
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 December 10, 2024 Chemical Weekly December 10, 2024 213

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