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IndiaIn Q1 2025, C9 Solvent prices experienced a modest increase, rising from USD807 in January to USD 820 in March, a 1.16% increase. This slight upward movement was driven by slightly improved demand as industries started to recover post-winter. The price increase in March 2025 could be attributed to a mild recovery in the global market, along with a temporary stabilization in feedstock prices. Although the market remained relatively weak, this uptick reflected a small rebound in demand and slight adjustments in supply-demand balance.
In Q4 2024, C9 Solvent prices dropped from USD 835 in October to USD 800 in December, representing a 4.48% decline. This continued downward movement was influenced by reduced crude oil prices, which kept feedstock costs lower and eased production expenses. Demand stagnation from end-user industries, including the paint and coatings sector, played a significant role in the price drop. The low inquiries and lack of large orders continued to impact prices negatively. Sellers in the region were reporting flat market conditions, with few changes in buyer behaviour.
In Q3 2024, C9 Solvent prices saw a further decline, dropping from USD850 in July to USD 810 in August, and continuing the downward trend with USD840 in September. This represents a 4.70% decrease over the quarter. The decline in Q3 2024 was influenced by lower demand in the market, coupled with a saturated supply, especially in the APAC region. Sellers in South Korea noted fewer large orders and low buyer inquiries, further impacting the price trend. However, a slight uptick of 3.70% was observed in September, possibly due to a temporary market adjustment or minor recovery in demand.
In Q2 2024, C9 Solvent prices continued their downward trend, dropping from USD880 in April to USD850 by June, a 3.41% decrease. This was due to reduced crude oil feedstock costs, which eased production expenses for manufacturers and further pushed prices lower. Additionally, demand from end-user industries remained stagnant, with paint consumption and other industrial demands not showing significant growth. The stable yet low demand from sectors like paints and coatings, along with lower buyer inquiries in regions like South Korea, contributed to the sustained price decline.
In Q1 2024, C9 Solvent prices saw a decline from USD930 in January to USD880 in February, representing a 5.38% decrease. This drop was primarily driven by declining crude oil prices, which had a direct impact on feedstock costs, making production of C9 solvent cheaper. By March, prices remained stable at USD880, indicating a plateau after the initial drop. The market was influenced by lower demand from end-user industries, including the paint and coatings sector, which had reduced consumption.
In Q1 2025, Ex-Mumbai C9 Solvent prices saw a recovery, increasing from INR 82,677.5/ton in December 2024 to INR 86,650/ton by March 2025, reflecting a 4.77% increase. This rebound was driven by a slight uptick in demand as industries began to recover from the seasonal slowdown. Key sectors, including paints and coatings, showed signs of improved consumption, leading to higher buyer inquiries. Additionally, feedstock prices stabilized, providing a more balanced cost structure for manufacturers. The recovery in prices reflected the shifting dynamics as demand picked up, although the market remained cautious.
In Q4 2024, Ex-Mumbai C9 Solvent prices continued their downward trend, falling from INR 84,500/ton in October to INR 82,677.5/ton by December, representing a 2.01% decrease. This decline was mainly driven by the ongoing reduction in crude oil feedstock costs, which helped ease production expenses but did not stimulate a rebound in demand. The market remained weak, with stagnant consumption in the paints sector and limited demand from other end-users. As the year ended, fewer large orders and low buyer interest contributed to the continued pressure on prices.
During Q3 2024, Ex-Mumbai C9 Solvent prices exhibited a slight decline, dropping from INR 86,000/ton in July to INR 84,500/ton in September, reflecting a 1.75% decrease. The market remained largely stagnant, with low demand persisting in the paint and coatings industries, key drivers of consumption for C9 solvents. The slight decline in prices was also influenced by ongoing weak inquiries from major exporters like South Korea. Although the market did not experience sharp declines, the continued lack of significant demand led to a gradual price erosion throughout the quarter.
In Q2 2024, C9 Solvent prices experienced a modest decline from INR 86,000/ton in April to INR 85,000/ton in June, marking a 1.16% drop. This was due to the continued easing of production costs driven by falling crude oil prices, as well as muted demand in the market. Key end-user sectors such as paints and coatings continued to show weak consumption, with fewer large orders and lower overall activity. Despite this, the market saw some price stabilization, as the balance between supply and demand remained relatively consistent, although still on the lower end of the spectrum.
In the first quarter of 2024, C9 Solvent prices started at INR 90,000/ton but experienced a decline by the end of March, reaching INR 86,000/ton. This drop of 3.33% was primarily driven by falling crude oil prices, which reduced feedstock costs, and weak demand from key sectors like paints and coatings. With limited buyer inquiries and subdued consumption, particularly in South Korea, the market faced continued pressure. The balance between supply and demand remained skewed towards lower prices, contributing to the overall decline.
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These events underscore the C9 Solvent market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable C9 Solvent pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
C9 solvent, a mixture of aromatic hydrocarbons like xylene and toluene, is widely used in industrial applications. It is used as a solvent in paints, coatings, and adhesives to improve flow, drying, and bonding strength. C9 solvent is also found in cleaning agents for removing oils and grease, especially in automotive and manufacturing.
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 |
| Aromatic Content |
99% wt + |
| Density at 15°C (in Vacuum) | 0.8759g/mL |
| Boiling Point | 164.1°C |
| Benzene | < 10 ppm wt |
| Flash Point | 42-43 |
| Distillation, IBP | 156-157 |
| Sulfur | 0.1 ppm wt |
Applications
The pricing of C9 Solvent is influenced by several factors, including raw material costs such as crude oil, naphtha fluctuations in supply and demand within industries like paints, coatings, and adhesives, as well as external elements like geopolitical events, trade tariffs, and energy prices. These factors combine to create variability in pricing depending on global economic conditions.
Regional production plays a significant role in C9 Solvent pricing. Regions with high production, like Asia-Pacific, tend to have more competitive pricing due to local availability, whereas regions that rely on imports, such as North America and Europe, often face higher costs due to transportation fees, import duties, and potential supply chain disruptions.
The latest pricing trends for C9 Solvent often reflect fluctuations in the cost of raw materials and changes in global supply chains. To secure better rates, procurement heads can consider locking in long-term contracts with suppliers, monitoring global price trends and indices, and optimizing bulk purchasing strategies to take advantage of volume discounts.
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