Market News Today

Thane's SH-84 will shut for 16 hours on December 7 (6 a.m. to 10 p.m.) for urgent repairs. Traffic will divert via Kasarvadavali Junction, Waghbil Road, and Azad Nagar to ensure long-term safety and mobility.

Mumbai's Veer Savarkar flyover, built 7 years ago for Rs 27 crore, is under review. Experts suggested design tweaks to avoid demolition for the Coastal Road Project. Revised plans are due in two weeks, considering monopile technology.

Mumbai plans a massive infrastructure upgrade by 2032, including new sea links, tunnels, and metros. This aims to ease congestion, improve connectivity, and create a resilient, future-ready city through a coordinated development program.

FIMER India Pvt Ltd earned the 'Customer’s Choice Award for Most Trusted Brand – Central Inverter' at the Future Energy Leadership Summit 2025, affirming its leadership in reliable, high-performance solar inverter solutions for India's energy sector.

CIDCO begins a 22.21 km pipeline from Kondhane Dam to Panvel, boosting Navi Mumbai's water supply by 250 MLD. The ₹1,318 crore project, with a 2,400 mm aqueduct, will take 48 months.

Shanghai Huayi Chemical has scaled down operating rates at its Ethyl Acetate plant in Wuwei, Anhui, China. The unit, which has an annual capacity of 200,000 tons, is currently running below normal load levels.

SABIC has declared Force Majeure on Low Density Polyethylene (LDPE) deliveries from its Wilton, UK unit following a power outage on December 3, 2025. The plant, with an annual capacity of 400,000 tons, has suspended supply until further notice.

PE and PP markets are currently assessed as stable to slightly weaker on the international front. Indian importers have slowed down their buying activity, primarily due to the recent fall in the Indian Rupee, impacting import cost viability. Meanwhile, open market prices are expected to firm up by ₹1–2/kg, as domestic producers appear less inclined to roll out early bird or promotional schemes, indicating restrained supply-side support and a possible price sentiment recovery.

India's Unison Metal is set to build a new sodium silicate plant at Dhamatwan, marking a significant expansion in its industrial operations.

Mainland China's caprolactam producers have agreed to cut production. This decision aims to tackle issues of overcapacity and low prices in the market.