Solvent MX Ex-Tank Rates: Kandla & Mumbai

India Solvent MX: Cash differential rises $11/mt WOW on firm buying interest, low inventory / December ICE Brent futures contract at $61.06/b / Domestic ex-tank prices rise to Rupees 80-83/kg

Jun 06, 2026

The Indian solvent-MX market was firmer Oct. 17, as prices in the Indian solvent-MX market rose amid stronger buying interest. the CFR India solvent-MX cash differential at FOB Korea plus $110/mt, up $11/mt week over week, above buying ideas in the range FOB Korea plus $80-$95/mt. solvent-MX CFR India down $20/mt week over week at $729/mt and FOB Korea was down $31/mt week over at $619/mt, on a weaker South Korean market. No offers were heard during the Market on Close assessment process, with bids or buying levels received from Indian buyers in the range of FOB Korea plus $80-$95/mt. The majority of the sellers said they were not offering cargoes to India, considering the recent US sanctions. “Due to the recent sanctions on Indian distributors, we will not be...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.