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IndonesiaDuring Q1 2025, the international C10 Solvent market showed modest signs of recovery, with FOB South Korea prices rising slightly to $876/MT, reflecting a 0.81% increase compared to Q4 2024. The price improvement was largely driven by stable demand in downstream applications such as coatings, inks, and industrial degreasing. Similarly, CIF Indonesia (from South Korea) prices edged up to $934/MT, marking a 0.86% increase. The upward movement was supported by improved shipping reliability and modest restocking activity in Southeast Asia. While demand remained relatively soft in some sectors, the overall sentiment turned cautiously optimistic, with buyers gradually increasing procurement amid expectations of price stabilization.
In Q4 2024, the C10 Solvent market remained largely stable after a volatile Q3. FOB South Korea prices were quoted at $869/MT, a minor 0.70% uptick, as producers adjusted output in response to prior quarters’ softer demand. CIF Indonesia prices followed a similar trend, rising slightly by 0.54% to $926/MT. Despite this mild increase, buyers maintained conservative purchasing strategies, influenced by year-end budget constraints and high inventory levels. Nevertheless, improved supply chain consistency and steady demand from paints and coatings industries helped support marginal price growth.
During Q3 2024, the C10 Solvent market experienced a downturn across both domestic and export markets. FOB South Korea prices declined to $863/MT, representing a 6.90% drop from Q2 2024, amid reduced demand from the construction and automotive sectors. CIF Indonesia prices also fell by 4.66%, reaching $921/MT, as regional buyers delayed procurement in anticipation of further price reductions. The decrease was driven by weaker economic activity across Asia, as well as continued volatility in raw material availability and freight costs.
In Q2 2024, the market showed a modest rebound after a sharp drop in Q1. FOB South Korea prices increased to $927/MT, a 1.98% rise, driven by seasonal demand recovery in coatings and printing ink applications. CIF Indonesia prices also rose by 2.33% to $966/MT, as buyers resumed procurement following earlier inventory drawdowns. Market sentiment improved slightly, bolstered by more predictable shipping schedules and stable feedstock prices, although concerns over long-term demand outlook remained.
During Q1 2024, the C10 Solvent market faced significant downward pressure, with FOB South Korea prices falling to $909/MT, down 11.92% from the previous quarter. CIF Indonesia prices declined to $944/MT, a 9.75% decrease, amid sluggish demand and delayed shipments. The drop was largely attributed to weak industrial activity in key sectors such as automotive refinishing and industrial cleaning, combined with a cautious procurement environment considering macroeconomic uncertainties. Suppliers responded by reducing production, but market sentiment remained soft across the board.
In Q1 2025, the Indian C10 Solvent market saw a noticeable price increase, driven by growing demand from the paints, coatings, and construction sectors as post-winter activity picked up across regions. CIF prices rose to INR 85,427/MT, reflecting a 3.74% increase from the previous quarter. On the supply side, tighter availability from South Korea, due to higher domestic demand and logistical challenges, contributed to the upward trend. Buyers in India were actively restocking in anticipation of a strong industrial season. The Ex-Mumbai price also climbed to INR 95,996/MT, showing a 1.80% rise, backed by improved sentiment in the domestic market and firm import costs.
In Q4 2024, the market remained relatively steady but leaned slightly bearish. CIF prices were recorded at INR 82,347/MT, showing a -0.92% decrease from Q3. Although the festive season—including Diwali and year-end celebrations—led to a temporary rise in packaging and coating-related demand, it wasn’t strong enough to drive significant price hikes. Domestic inventories remained comfortable and import volumes from South Korea remained consistent. Interestingly, Ex-Mumbai prices went up slightly to INR 94,295/MT, an increase of 1.39%, possibly influenced by stronger local demand from small businesses finalizing year-end production orders.
In Q3 2024, the Indian C10 Solvent market saw a slight dip in pricing. CIF prices were reported at INR 83,109/MT, marking a -2.30% decrease from Q2. Monsoon season slowed down construction and automotive sectors, which in turn reduced solvent consumption. Buyers had already built up stocks earlier in the year, and market sentiment remained cautious. On the supply side, there was no significant disruption in imports from South Korea, resulting in abundant availability. The Ex-Mumbai price followed the downward trend, settling at INR 93,000/MT, a -0.53% decline compared to Q2.
In Q2 2024, the C10 Solvent market rebounded from its earlier softness. CIF prices increased to INR 85,065/MT, showing a 3.26% gain from Q1. Stronger demand came from the resumption of infrastructure and construction activities ahead of the monsoon. Additionally, planned maintenance shutdowns in South Korea and seasonal demand in their domestic market slightly reduced export availability, driving prices higher. Despite rising import costs, Ex-Mumbai prices recorded a small drop to INR 93,500/MT, down by -1.92%, likely due to local suppliers offering competitive pricing to attract buyers before the rainy season.
In Q1 2024, the Indian C10 Solvent market experienced a soft phase. CIF prices were at INR 82,383/MT, showing a slight decrease compared to Q4 2023. This drop was primarily due to weak post-festive demand and existing stock levels in the market. Activity in downstream sectors such as adhesives and coatings remained moderate during this period. Imports from South Korea continued without major disruptions, while domestic consumption slowed due to reduced industrial operations. The Ex-Mumbai price reflected this trend, standing at INR 95,333/MT, showing a -4.35% fall from the previous quarter, marking the sharpest quarterly decline of the year.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
C10 solvent is a high boiling point (181-205 °C) aromatic hydrocarbon solvent used mainly in paints and coatings, printing inks, and the agrochemical industry. It has a flash point and evaporation rate higher than that of Xylene and therefore imparts better flow and film formation making it useful in the paint and coatings industry. It also has no ethyl-benzene content and is therefore desired for environmentally friendly agrochemical and pesticide formulations.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification
|
| Colour
|
Colourless
|
| Odour
|
Mildly aromatic
|
| Appearance
|
Bright and Clear
|
| Boiling point
|
181-205° C
|
| Density
|
0.89 – 0.905 g/cm3
|
| Specific Gravity
|
0.855
|
| Flash Point
|
55° C (CC)
|
| Flammability
|
Flammable
|
Applications
C10 solvent is primarily used as a solvent in paints and coatings, adhesives, cleaning agents, and in the automotive and pharmaceutical industries. It is also employed in chemical synthesis and as a hydrocarbon solvent in various industrial applications.
The pricing of C10 Solvent is mainly influenced by factors such as raw material costs (like refined petroleum and other hydrocarbons), fluctuations in supply and demand, and the overall health of industries that utilize C10 solvent, including paints, coatings, cleaning agents, and industrial applications. Additionally, geopolitical events, crude oil prices, and regulatory changes in environmental standards can significantly impact pricing dynamics. The demand for C10 solvent in high-growth regions also plays a role in driving prices.
Regional production directly impacts C10 solvent pricing. Regions with local production, such as parts of Asia-Pacific and the Middle East, can offer more competitive prices due to lower transportation costs and better access to raw materials. In contrast, regions like North America and Europe, which often rely on imports or face higher regulatory costs, may see higher prices due to additional shipping fees, import taxes, and more stringent environmental regulations that affect manufacturing processes.
C10 solvent pricing is currently experiencing upward pressure due to increased demand in key industries such as paints and coatings, alongside rising raw material and energy costs. To secure better rates, companies can negotiate long-term supply contracts, explore alternative suppliers to reduce dependency on a single source, and capitalize on bulk purchasing discounts. Staying informed on global price movements and energy trends can also help businesses lock in more favorable pricing before costs escalate further.
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