Asian
solvent-MX: Declines tracking adjacent downstream markets-  Mismatch
between supply and demand-  CPC
Awards Lower Quantity Solvent-MX in Dec Sell TenderIndustry
sources reported that domestic India prices have also fallen
week-on-week. Industry sources say that Kandla ex tank prices dropped to
Rupee 95/kg from 98/kg one week ago. Mumbai was at Rupee 96.6/kg from Rupee
102/kg in the same period. Sources said that the quantity awarded was
3,000 mt down from a tender quantity of 4,500mt. A Middle Eastern trader
offered 1,000-2,000 mt at seller’s option, H2 Dec loading solvent-mx cargo
for $950-$970/mt FOB Kaohsiung and a letter of credit for 30 days. Sources
said there were no bidders and no trades. Sources said that the
domestic market was much weaker than usual, with little discussion
on imports and no buying interest. prices at east China's ex-tank
prices were...