India Solvent MX: Prices hold steady amid limited trade activity / ICE November Brent futures contract at $95.27/b / Domestic solvent MX offers at 132 rupees/kg / FOB Korea at $1,009/mt

Sep 05, 2026

The Indian Solvent MX market remained stable on Sept. 4, amid thin trade activity. The CFR India Solvent MX cash differential was at FOB Korea plus $145/mt, stable week over week to Sept. 4. Solvent MX CFR India up $80/mt and FOB Korea also up $80/mt on week at $1,154/mt and $1,009/mt FOB Korea, respectively, amid a stronger South Korean market. Dollar- denominated trading remained thin Sept. 4, with no offers heard during the Market on Close assessment process and tradable levels received from Indian buyers at FOB Korea plus $140- $145/mt range as they were seeking out cargoes for October loading shipments. Several sellers indicated not having cargoes to offer to India amid the tight supply situation for October loading shipments. “There are limited discussions happening for solvent MX,”...

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