Solvent MX Price Trend: Kandla Ex-Tank Drops

Indian Solvent MX: Prices drop on lower spot offers, stable inventory / March ICE Brent futures contract at $62.45/b / Domestic solvent-MX offers fall to Rupees 76-78/kg

Jun 04, 2026

The Indian solvent-MX market dropped on Jan. 9 on lower spot offers and stable inventory levels. The CFR India Solvent MX cash differential was assessed at FOB Korea plus $116/metric ton, down $5/mt week over week, under an offer heard at FOB Korea plus $110-$115/mt Letter of Credit 30 days normalized to FOB Korea plus $117-$122/mt L/C 90 days and above buying ideas at FOB Korea plus $95-$100/mt L/C 30 days, normalized to FOB Korea plus $102-$107/mt L/C 90 days. solvent-MX CFR India up $26/mt week over week at $817/mt and FOB Korea up $31/mt over the same period at $701/mt, amid a stronger South Korean market. CFR discussions were thin, with limited buying and selling activity. There is continued limited availability of solvent-MX in the spot market, resulting in...

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