C* solvent prices in India moved through a choppy May before staging a late-month rebound, with the market ending the month on a firmer note amid short-covering activity and stable logistics conditions. The month began with a moderate price increase of *.** during the early week, supported by stronger upstream global crude oil prices and restricted supply conditions. According to the EIA, the price of West Texas Intermediate crude oil stood at $***.** per barrel on May *, ****, up by $*.** from a week earlier and $**.** higher than a year ago, supporting downstream value chain costs, including C* solvent, during the opening week of May. Moving into the following weeks, C* solvent prices largely remained stable before witnessing another upward movement during the final week of the month. This market behavior was supported by a balanced supply-demand environment, while softer input costs weighed...
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