Page 201 - CW E-Magazine (12-3-2024)

China Chemical Market Vegetable Oil Market

Prices as on March 5, 2024
Name of Chemicals 5th March-2024 27th Feb-2024 Change Linseed, Sunfl ower and Cottonseed move up
Acetone 1019 1024 -5
Acrylic Acid 864 868 -4
Acrylonitrile 1339 1308 31 Uptrend prevailed in the market during the past week under
Adipic Acid 1408 1410 -2 review. Groundnut and Sunfl ower oils moved up by around 1.70%,
Aniline 1533 1529 4 while Linseed oil gained over 2%. Rapeseed and Castor oils
Benzene 1179 1219 -40
Bisphenol-A 1349 1390 -41 were up marginally, while Sesame oil held fi rm. Cottonseed oil
Butyl Acetate 1111 1122 -11 gained over 4%. Among imported oils, RBD palmolein was up
Butyl Acrylate 1294 1328 -34 by over 2%, while crude Palm was costlier by almost 5%. Crude
n-Butanol 1180 1215 -35 degummed Soyabean was up by over 5%. In solvent extracted
Caustic Soda 110 110 -
Chloroform 352 340 12 oils, Soyabean gained over 4%, while Rice brans were up by
Cyclohexane 995 992 3 around 1.40%. Comparing the prices of some of the oils over the
Cyclohexanone 1379 1400 -21 same period last year, groundnut is cheaper by 11% and sunfl ower
Dibutyl Phthalate 1353 1353 - is down by 19%. Rapeseed is down by 16% and linseed is cheaper
Diethylene Glycol 725 739 -14
Dimethyl Formamide 695 695 - by 22%. Sesame is cheaper by 2%. Castor is cheaper by 15%, while
Dioctyl Phthalate 1641 1630 11 cottonseed is cheaper by 13%.
Ethyl Acetate 943 916 27
Ethyl Acrylate 1259 1287 -28 Mar-2024 Feb-2024 Change Average Change
Ethylene Dichloride 417 416 1 Name of oils 1st 23rd [%] Feb-2023 [%]
Ethylene Glycol 642 648 -6
2-Ethylhexyl Acrylate 1876 1945 -69 Local oils
Formaldehyde 167 166 1
Glycerine 710 710 - Groundnut oil 150,000 147,500 1.69 168,875 -11.18
Hydrogen Peroxide 109 108 1
Isobutyl Alcohol 1197 1210 -13 Rapeseed oil 99,300 99,000 0.30 117,604 -15.56
Isopropyl Alcohol 1181 1190 -9 Sunfl ower oil 86,500 85,000 1.76 106,625 -18.87
Maleic Anhydride 1010 1019 -9
Methanol 383 369 14 Linseed oil 94,000 92,000 2.17 121,200 -22.44
Methyl Ethyl Ketone 1169 1133 36
Methyl Isobutyl Ketone 1990 1923 67 Sesame oil 250,000 250,000 – 254,750 -1.86
Methylene Dichloride 338 331 7
Monoethanolamine 1089 1089 - Washed cottonseed oil 93,500 89,500 4.47 107,854 -13.31
Nitric Acid 267 274 -7 Castor oil (commercial) 121,000 120,500 0.41 142,571 -15.13
Octanol 1476 1476 -
Phenol 1090 1100 -10 Imported oils
Phthalic Anhydride 1061 1065 -4
Polyvinyl Alcohol 1801 1750 51 RBD palmolein 88,500 86,200 2.67 95,563 -7.39
Propyl Acetate 1000 999 1
Propylene Glycol 1119 1170 -51 Crude degummed soybean oil 92,500 87,500 5.71 107,125 -13.65
Soda Ash 305 318 -13 (ex-Mumbai)
Stearic Acid 1202 1202 -
Styrene 1250 1270 -20 Crude palm oil (5%) (ex-Kandla) 86,700 82,700 4.84 87,083 -0.44
Terephthalic Acid 829 827 2
Titanium Dioxide 2389 2375 14 Solvent extracted oils
Toluene 1004 1004 - Soyabean oil (Indore) 89,000 85,000 4.71 113,813 -21.80
Vinyl Acetate 1050 1054 -4
o-Xylene 1128 1114 14 Rice bran oil (RG-I) 73,000 72,000 1.39 90,833 -19.63
Price in USD per mt Rice bran oil (RG-II) (industrial) 70,000 69,000 1.45 87,833 -20.30
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.

200 Chemical Weekly March 12, 2024 Chemical Weekly March 12, 2024 201

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