Live India Solvent MX Price Trends

India Solvent-MX: Cash differential falls on lower offer; incoming supplies / Feb ICE Brent futures contract at $59.75/b / Domestic solvent MX offers fall to Rupees 78-79/kg

Jun 04, 2026

The Indian Solvent MX market fell on Dec. 19, driven by lower spot offers and incoming ship arrivals. The CFR India Solvent MX cash differential was assessed at FOB Korea plus $121/mt, down $3/mt week over week under the lowest offer at FOB Korea plus $115/mt letter of credit 30 days, normalised to FOB Korea plus $122/mt L/C 90 days, and above a buying idea at FOB Korea plus $100/mt L/C 30, normalised to FOB Korea plus $107/mt L/C 90 days.

Solvent MX CFR India up $22/mt and FOB Korea also up by $25/mt week over week at $791/mt and $670/mt FOB Korea, respectively, amid a stronger Korean market. CFR discussions were thin, with limited buying and selling activity reported. Offers of FOB Korea plus $132/mt and FOB Korea plus...

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