Market News Today

Indian polymer prices remain elevated despite sluggish downstream demand, with higher crude/feedstock costs, delayed imports and selective availability supporting the market. International offers are mixed—China/Far East Asia moved higher while Southeast Asia PP declined—keeping Indian prices vulnerable to volatility. Near-term buying should remain requirement-driven as any sustained crude correction could trigger a staged price reversal.

India’s steel market remained firm on 25 September, with the composite index rising 0.1% WoW for the 10th consecutive week, although the pace of gains slowed. Flat steel continued to strengthen on mill price hikes, while long steel saw divergence between firm BF-route rebar and weaker IF-route markets.

Indian chemical markets are showing a firm-to-volatile bias as Brent rises above $105/bbl and the rupee weakens, increasing import replacement costs. China’s holiday-related data gap is limiting fresh price discovery, while Acetic Acid and Methanol show the strongest confirmed upward momentum.

India laid the foundation for its first port-based e-methanol plant at Kandla, Gujarat. The ₹2,300 crore project aims to produce 150 tonnes daily, driving green shipping and creating 3,500 jobs.

India is resuming methanol exports to Bangladesh via the Brahmaputra River. Two vessels will transport a total of 1,080 tonnes of the chemical across 783km, reviving bilateral waterway connectivity.

Plunging Rhine water levels threaten European petrochemical logistics, restricting barge loads to 450-700 metric tons, causing force majeures, and sharply raising freight and alternative transport costs.

On September 28, 2026, China's futures market opened lower across major polymers: PP fell to RMB 8576/MT, LLDPE dropped to RMB 8173/MT, and PVC declined to RMB 4701/MT.

Bihar Chief Minister ordered a long-term Kosi flood mitigation plan, a new barrage, embankments with four-lane roads, a 2,400 MW thermal power project, and PM-KUSUM solar energy initiatives.

An IndiGo Airbus A321 suffered its ninth fleet tail strike during a gusty wind landing at Bengaluru airport. The aircraft is grounded for maintenance, raising fresh safety concerns.

Indian Railways and Gujarat approved Rs 166.50 crore for a four-lane Road Over Bridge in Vadodara to ease congestion, replace a restricted underpass, and enhance connectivity near the railway station.