Market News Today

“The cost of one rupee damage to your road has a seven times multiplier on the economy,” Prothi said, warning that the true annual impact could run into several trillion dollars when lost trade, jobs and access to food and markets are included.

Thyssenkrupp, the German industrial giant, is bracing for a notable net loss by 2026, primarily due to the financial strain from restructuring its steel division. Furthermore, negative free cash flow is projected for that year. Nonetheless, the company remains committed to its dividend policy, prompting investors to keep a vigilant eye on these unfolding events.

South Africa’s cities are running out of space, not only in landfills but in their ability to sustain outdated models of waste management.

The projects include using hydrogen in rotary kilns for steelmaking, recycling steel slag to produce green cement, and deploying AI to support cement decarbonisation.

India and Sweden collaborate on 7 projects to decarbonise steel & cement sectors. Tata Steel, JK Cement & others involved. Aiming for net-zero by 2070.

ExxonMobil intends to permanently shut the older of its two Steam Crackers from March, 2026 due to margin pressure and persistent oversupply. The Cracker is located in Jurong Island, Singapore with a Propylene production capacity of 490,000 Tons/Year and Ethylene capacity of 900,000 Tons/Year.

HMEL declared Reserve Incentive (RI) Scheme amount of PP for the month of November 2025 as following:- R1 Rs. 1250/MT R2 Rs. 1750/MT For ICP /RCP Additional Rs 500/- per MT.

Formosa Chemicals & Fibre Corp (FCFC) has shut its Purified Terephthalic Acid (PTA) Unit for maintenance work. The Unit is located in Mailiao, Taiwan, with a production capacity of 550,000 Tons/Year.

Dairen Chemical is planning to increase run rates at its Vinyl Acetate Monomer (VAM) Plant. The Plant is located in Jurong Island, Singapore, with a production capacity of 350,000 MT/Year.

Shanghai SECCO cut weekly Acrylonitrile (ACN) prices in China by CNY 150/MT to CNY 8,250/MT ex-tank. This reflects soft market sentiment and weaker buying activity.