Solvent MX Market: Low Kandla Inventory

India Solvent MX: Cash differential rises amid limited spot supply; low inventory / Limited spot supply tightens Indian market / Cash differential rises amid low stock levels / Jan ICE Brent futures contract at $62.54b

Jun 06, 2026

The Indian Solvent MX market turned stronger on Nov. 21 amid supply tightness in the spot market and limited inventory. the CFR India solvent-MX cash differential at FOB Korea plus $123/mt, up $2/mt week over week, above buying indications at FOB Korea plus $100-$120/mt from several buyers. solvent-MX CFR India down $14/mt week over week at $772/mt, and FOB Korea down $16/mt at $649/mt over the same period, amid a weaker Korean market. No offers were heard during the Market on Close assessment process, with bids and buying levels received from several Indian buyers in the range of FOB Korea plus $100-$120/mt. A Taiwan-origin December cargo was heard traded at $790/mt CFR India for 2,000 mt. “We are not offering any solvent MX cargo to India at present, we are...

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