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Asian Solvent MX Weekly justification - May 14, 2022

May 14, 2022

Asian Solvent MX Weekly justification

Solvent-MX was valued at $94/mt-$120/mt more than the
previous week, at $1.221/mt- $1.270/mt FOB Korea May 13th. This assessment took into
account a June loading bid that was last heard at $1.220/mt- $1.260/mt. The bid went up from $1,197/mt-$1,210/mt during the trading
day but to no avail. There were no trades. CFR China was valued at $84/mt-$110/mt more week-on-week at
$1,186/mt-$1,190/mt. This partially takes into account the movements in
solvent-MX markets throughout Asia. As
lockdown restrictions remain in place, there have not been any China imports
talks. CFR India was valued at $103/mt-$120/mt
for the week at $1.341/mt- 1.380/mt. This partially took into account tradable
indicators around FOB Korea and $120-$130/mt. It also took into account the inability of vessels to move
into South Asia. CFR Southeast Asia rose
$94/mt to $1,251/mt-$1,290/mt during...

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