Chemical Updates

India Solvent MX: Cash differential stable amid thin trade activity / Oct ICE Brent futures contract at $89.39/b / September cargo availability remains tight / Raksha Bandhan holiday limits domestic buying

Aug 29, 2026

The Indian solvent-MX market remained stable Aug. 28 amid thin trade activity. The CFR India Solvent MX cash differential was at FOB Korea plus $145/mt, stable over the week to Aug. 28. Solvent MX CFR India down $31/mt and FOB Korea also down $31/mt week over week at $1,074/mt and $929/ mt FOB Korea, respectively, amid a weaker Korean market. Dollar- denominated trading remained thin Aug. 28, with no offers heard during the Market on Close process, and tradable levels received from Indian buyers at FOB Korea plus $140-$150/mt as they were seeking Septemberloading shipments. Several sellers mentioned not having cargoes to offer to India amid the tight supply situation for September-loading shipments. “We are not offering for September shipments, cargo availability is an issue,” said a sell-side source. A...

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