Market News Today

India’s bitumen market is experiencing supply disruptions and price revisions driven by West Asia geopolitics. Domestic refinery rates reflect a firming trend, with VG30 bulk ranging between ₹68/kg and ₹85/kg across states. Meanwhile, surging raw material costs are stalling municipal and highway road construction projects across major metropolitan hubs.

South Central Railway proposed developing Malkajgiri as a secondary terminal with additional tracks and loop lines to enhance passenger connectivity, reduce congestion, and support growing transport demand in the region.

The Telangana government has advanced the 7.5-km Old City Metro corridor toward tendering, directing officials to accelerate land acquisition and procurement to improve public transport.

GNFC has restarted its Gujarat acetic acid plant following a three-month shutdown caused by high methanol costs. The restart comes as Chinese typhoons disrupt shipments and drive up prices.

Navin Fluorine reported soaring sales across its businesses, with net profit more than doubling during the first fiscal quarter ended June 30.

The European Union has imposed definitive antidumping duties on PTA imports from South Korea and Mexico, as these dumped products captured a significant 28% of the EU market share.

Ishihara Chemical reported an 83.6% profit surge to 841 million, driven by a 12.8% increase in sales to 6.2 billion, fueled by strong demand in semiconductors and automotive chemicals.

Telangana authorities have sanctioned 25 lakh rupees for infrastructure upgrades and additional classrooms at Gopalapuram Primary School to improve student learning conditions and expand usable space.

Telangana seeks corporate social responsibility funding from companies to restore and maintain urban water bodies, aiming to enhance flood-management capacity and protect natural drainage systems across expanding metropolitan regions.

Asian propylene prices rose by USD 20/mt on Tuesday, driven by firm energy costs and strong demand. FOB Korea reached USD 1035-1045/mt and CFR China hit USD 1065-1075/mt.