India Solvent-MX Prices Stable

India Solvent-MX: Prices stable as participants await March cargo offers / ICE April Brent futures contract at $68.18/b / Domestic solvent-MX offers stable at Rupees 77-79/kg

Jun 03, 2026

The Indian solvent-MX market remained steady Feb. 6 amid thin trading activity and stable domestic prices. The CFR India solvent-MX cash differential was at FOB Korea plus $111/metric ton on Feb. 6, stable week over week, under an offer at FOB Korea plus $115/mt letter of credit 90 days and a above buying idea at FOB Korea plus $90/mt L/C 30 days, normalized to FOB Korea plus $97/mt L/C 90 days. solvent-MX CFR India down $8/mt and FOB Korea down $8/mt week over week at $841/mt and $730/mt FOB Korea, respectively, amid a weaker South Korea market. A single offer of FOB Korea plus $115/mt was heard for March during the Market on Close assessment process, with bids or buying levels received from an India-based buyer at FOB Korea plus...

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