Solvent-MX Market Update: India Price Outlook

India Solvent-MX: CFR India rises tracking South Korea market

Jun 15, 2026

The India solvent-MX market rose March 6, tracking strength in the South Korea market. No spot offers were seen. the CFR India solvent-MX cash differential at FOB Korea plus $109/metric ton, up $4/mt week over week, on March 6, tracking gains in the adjacent Asia market. solvent-MX CFR India up $207/mt and FOB Korea up $203/mt week over week at $1,026/mt and $917/mt, respectively, tracking strength in the South Korean market. Dollar-denominated trading remained thin as no offers were heard during the Market on Close assessment process. No bids or buying levels were received from India-based buyers asmarket participants remained on the sidelines amid the ongoing conflict in the Middle East. “At current prices, it is very risky to buy”, said a Mumbai-based importer. “We have withdrawn our offers amid...

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