Chemical Updates

India Solvent-MX / ICE Sep Brent futures contract at $84.80/b / Domestic solvent-MX offers at Rupees 116/kg / FOB Korea solvent-MX at $879/mt / India Weekly Solvent MX Rationale

Jul 18, 2026

The Indian solvent-MX market rose July 17 amid limited offers and tight supply. The CFR India solvent-MX cash differential was assessed at FOB Korea plus $115/metric ton, up $5/mt week over week. solvent-MX CFR India up $58/mt and FOB Korea up $53/mt week over week at $994/mt and $879/mt, respectively, amid a stronger South Korean market. Dollar-denominated trading remained thin, with no offers heard during the Market on Close assessment process. Tradable levels were received from Indian buyers in the FOB Korea plus $105- $110/mt range as they sought cargoes for August-loading shipments. Several sellers opted out of offering to India amid limited availability for August cargo shipments. “We are planning to offer cargoes for August shipments around FOB Korea plus $120-$130/mt levels”, said a Southeast Asia-based trader. “However, demand...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.