Chemical Updates

India Solvent MX: Cash differential rises amid improving buying interest; no offers for India / Cash differential rises $10/mt on week / No offers available amid tight supply / Domestic solvent MX offers rise to Rupees 145/kg

Aug 03, 2026

The Indian solvent MX market rose on July 31 amid no offers and rising buying interest. The CFR India solvent MX cash differential was assessed at FOB Korea plus $130/mt, up $10/mt from a week ago. solvent MX CFR India down $101/mt and FOB Korea also down $111/mt on the week at $999/mt and $869/mt FOB Korea, respectively, amid a stronger South Korean market. Dollar-denominated trading remained thin July 31, with no offers heard during the Market on Close assessment process, and tradable levels received from Indian buyers at FOB Korea plus $110-$120/mt range as they were seeking out cargoes for August loading shipments. “We have no solvent MX cargoes to sell, we are offering isomer MX at present”, said a Southeast Asia based seller. “Solvent MX is tighter than...

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