Chemicals Updates

India Solvent MX: CFR India up $16/mt WOW amid rise in buying interest, tight supply / Domestic Solvent MX offers stable at Rupees 72-74/kg / Oct ICE Brent futures contract at $66.36/b / Supply quite tight: sources

Aug 11, 2025

The Indian Solvent MX market remained active, Aug. 8, amid tightness in supply and rising demand. The CFR India Solvent MX cash differential was at FOB Korea plus $90/mt, up by $1/mt week over week, above a buying idea heard at FOB Korea plus $85/mt and amid tighter fundamentals. Solvent MX CFR India up $16/mt and FOB Korea stable week over week at $770/mt and at $680/mt FOB Korea, respectively. No offers were heard during the Market on Close, however, a buying idea was heard higher at FOB Korea plus $85/ mt from an Indian Buyer. The supply of solvent MX for the Indian market is tight, said an international seller. “We are assessing the current situation and hope to start offering by next week,” said the international seller. “With...

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