Market News Today

Iron ore futures dropped toward CNY 670 per ton, hovering near four-year lows, driven by declining profitability among Chinese steel mills that weakened overall market demand.

The IEA predicts global energy markets will not return to pre-war conditions by 2027, according to Executive Director Fatih Birol.

Russian wheat export prices declined last week as global grain futures dropped due to growing market expectations of potential Black Sea peace negotiations, according to analysts.

China's rapid energy transformation and economic growth drive a fundamental priority to ensure that energy supply remains secure, reliable, and affordable amidst expanding renewable development.

The total number of active oil and natural gas drilling rigs in the US remained steady at 603 for the week ending October 23, according to data from Baker Hughes.

During October 16-22, 2026, China's methanol industry saw declining prices across the supply chain, driven by expectations of increased supply and weaker downstream demand.

India targets a $1 trillion chemical economy by 2040. States like Odisha and Maharashtra are boosting infrastructure and investments, while industry leaders urge stronger collaboration and technology adoption for sector growth.

India targets a $1 trillion chemical economy by 2040. States like Odisha and Maharashtra are boosting infrastructure and investments, while industry leaders urge stronger collaboration and technology adoption for sector growth.

Chambal Fertilisers acquired a 26% stake in a Clean Max SPV for up to 60 million rupees to develop a 5 MW hybrid wind-solar power facility in Rajasthan, boosting renewable energy usage.

Grasim Industries started commercial production at its new 50,000 TPA epichlorohydrin manufacturing plant in Vilayat, Gujarat, strengthening its specialty chemicals expansion strategy and downstream chlor-alkali derivatives portfolio.