Chemical Updates

India Solvent-MX: Cash differential rises amid tight supply, buying interest / ICE Sep Brent futures contract at $98.02/b / Domestic solvent-MX offers at Rupees 135/kg / FOB Korea at $980/mt

Jul 25, 2026

The Indian solvent-MX market rose July 24 amid limited offers and increased buying interest. The CFR India solvent-MX cash differential was assessed at FOB Korea plus $120/metric ton, up $5/mt week over week. solvent-MX CFR India up $106/mt and FOB Korea up $101/mt week over week at $1,100/mt and $980/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 received from Indian buyers were in the FOB Korea plus $110-$120/mt range as they sought cargoes for August-loading shipments. “We are sold out for August cargo shipments, we sold most of the cargoes in Southeast Asia amid good demand and better margins”, said a Southeast Asia-based sell side source. A Taiwan- origin cargo of 4,500 mt...

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