India Solvent-MX: Stable on weak sentiment, thin offers / Diwali festival prompts inventory reduction / US gasoline blending diverts supply flows

Oct 31, 2026

The Indian solvent-grade mixed xylene market remained stable in the week ended Oct. 30 amid limited market participation and a lack of spot offers. the CFR India solvent-MX cash differential unchanged week over week at FOB Korea plus $152/metric ton on Oct. 30. Dollar- denominated trading activity remained subdued on Oct. 30, with limited to no offers heard during the Market on Close assessment process. A buying indication was heard at FOB Korea plus $150/mt. “The solvent-MX market remains largely inactive, with very few offers available,” said an India-based seller. “Overall sentiment continues to be weak.” “A significant portion of the available solvent-MX is being directed toward gasoline blending in the US and other markets, resulting in limited availability for India,” said a South Asian producer. “Both buyers and sellers...

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