Chemicals Updates

India Solvent-MX: CFR India rises $2/mt on week amid continued tight supply / Domestic solvent-MX offers rise to Rupees 73-76/kg / ICE Oct Brent futures contract at $71.84/b / Continued congestion at Kandla port: sources

Aug 04, 2025

The Indian solvent-MX market was active Aug. 1 amid a tight supply and rising demand. the CFR India solvent-MX cash differential at FOB Korea plus $89/mt, up $2/mt week over week, and above a bid heard at FOB Korea plus $85/mt. solvent-MX CFR India up $2/mt and FOB Korea stable week over week at $754/mt and $665/mt FOB Korea, respectively. No offers were heard during the Market on Close assessment process. A bid was heard higher at FOB Korea plus $85/mt from an Indian buyer. An international seller said the supply of solvent-MX in the Indian market was tight. Several market participants attributed the supply tightness to the rise in gasoline blending demand across Far East and Southeast Asia amid low inventory levels on the west coast of India. A...

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